Mativ Holdings, Inc. (NYSE:MATV) to Issue $0.10 Quarterly Dividend

Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Stockholders of record on Friday, May 24th will be paid a dividend of 0.10 per share on Friday, June 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Thursday, May 23rd.

Mativ has decreased its dividend payment by an average of 17.2% per year over the last three years. Mativ has a payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Mativ to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 22.2%.

Mativ Stock Down 0.3 %

Mativ stock opened at $18.48 on Friday. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -3.27, a price-to-earnings-growth ratio of 2.03 and a beta of 0.75. Mativ has a 52 week low of $10.78 and a 52 week high of $19.02. The business’s 50-day moving average price is $18.05 and its 200 day moving average price is $15.06. The company has a quick ratio of 1.28, a current ratio of 2.53 and a debt-to-equity ratio of 1.18.

Mativ (NYSE:MATV) last posted its earnings results on Wednesday, February 21st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. The firm had revenue of $452.30 million for the quarter, compared to analyst estimates of $472.10 million. Mativ had a positive return on equity of 6.70% and a negative net margin of 13.47%. As a group, sell-side analysts anticipate that Mativ will post 1.5 earnings per share for the current year.

Insider Activity

In other Mativ news, Director Jeffrey Keenan bought 3,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was bought at an average price of $16.06 per share, with a total value of $48,180.00. Following the completion of the purchase, the director now directly owns 312,000 shares in the company, valued at $5,010,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.01% of the company’s stock.

Mativ Company Profile

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.