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

Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.10 per share on Friday, March 28th. This represents a $0.40 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend is Friday, March 14th.

Mativ has decreased its dividend payment by an average of 39.0% annually over the last three years. Mativ has a payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Mativ to earn $1.15 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 34.8%.

Mativ Stock Performance

MATV traded down $1.61 during trading on Thursday, hitting $7.48. The company’s stock had a trading volume of 1,242,216 shares, compared to its average volume of 459,176. The firm has a market cap of $406.57 million, a PE ratio of 3.82, a P/E/G ratio of 1.31 and a beta of 0.66. Mativ has a one year low of $7.28 and a one year high of $19.96. The business’s 50 day simple moving average is $10.12 and its 200-day simple moving average is $13.96. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31.

Mativ (NYSE:MATV) last posted its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.17). The company had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $472.70 million. Mativ had a net margin of 5.44% and a return on equity of 4.88%. As a group, sell-side analysts predict that Mativ will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus started coverage on shares of Mativ in a research note on Thursday, November 21st. They issued a “hold” rating and a $15.50 price objective for the company.

About Mativ

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.