Clearwater Paper Corporation Dividend Analysis
CLW
This company has no dividend history.
Based on TTM and annual data · Not a buy/sell signal
This company does not pay dividends
No dividend history found in SEC filings.
Does Clearwater Paper (CLW) pay a dividend?
Clearwater Paper (CLW) has never paid a dividend. The business does generate free cash flow of $57 million, so the absence of a dividend is a capital-allocation choice rather than an inability to pay. All figures are computed from company filings; this is analysis, not investment advice.
Frequently asked
Does Clearwater Paper (CLW) pay a dividend?+
No. Clearwater Paper (CLW) does not pay a dividend, and no dividend payment appears anywhere in the filing history we hold.
How does Clearwater Paper return cash to shareholders?+
It largely does not. Clearwater Paper pays no dividend and we do not see a meaningful reduction in share count over the last twelve months, so cash is being retained in the business or spent on growth rather than returned. That is common for companies reinvesting heavily, and it means your return depends entirely on the share price.
Could Clearwater Paper afford to pay a dividend?+
On the numbers, yes. Clearwater Paper generated $57 million of free cash flow, which is about $3.52 per share. If it paid out half of that, the dividend would be roughly $1.76 per share, a yield of about 12.7% at the current price. That is an illustration of capacity, not a prediction: the company has given no indication it intends to pay one.
Which materials companies do pay dividends?+
Our Materials sector page ranks the companies we cover by dividend score, which combines payout safety, free cash flow coverage and growth record. If income is what you are after, start there rather than with Clearwater Paper.
SourceDividend analysis computed from the 10-Q filed 23 Oct 2026, covering the period ending 30 Sept 2026, as reported to the SEC. Data last refreshed 27 Oct 2026. How this is calculated.
Fiscal year ends Dec. Earnings payout = dividends / net income. FCF payout = dividends / FCF. Yield = TTM DPS / price.
Peers
Paperboard Mills · Pick stocks to compare with CLW
Held by ETFs
CLW is in 9 US ETFs. The largest of them, with CLW's weight in each:
Avantis U.S. Small Cap Value ETFAVUV0.01%of the fund
Dimensional U.S. Targeted Value ETFDFAT0.01%of the fund
Schwab Fundamental U.S. Small Company ETFFNDA0.02%of the fund
Vanguard Materials Index Fund ETF SharesVAW0.02%of the fund
- BSEA Bridgeway Omni Small-Cap Value ETFBSVO0.05%of the fund
Spot a number that looks wrong? Check it in CLW's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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