5 Best Paper Stocks To Buy Now

4. Sylvamo Corporation (NYSE:SLVM)

Number of Hedge Fund Holders: 20

An American paper mill company, Sylvamo Corporation (NYSE:SLVM) is next on our list of the best paper stocks. The company reported strong earnings in the first quarter of 2023, with revenues of $959 million, which showed a 16.8% growth from the same period last year. It generated $63 million and $2 million in operating cash flow and free cash flow, respectively.

Sylvamo Corporation (NYSE:SLVM) also pays a quarterly dividend of $0.25 per share and has a dividend yield of 2.43%, as of July 5.

At the end of Q1 2023, 20 hedge funds in Insider Monkey’s database owned investments in Sylvamo Corporation (NYSE:SLVM), worth collectively over $136.6 million.

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