Avient Corporation (NYSE:AVNT – Get Free Report) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Friday, September 11th will be given a dividend of 0.275 per share on Wednesday, October 7th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, September 11th.
Avient has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Avient has a payout ratio of 34.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Avient to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 32.5%.
Avient Stock Up 6.1%
AVNT stock opened at $38.04 on Friday. The company has a 50 day moving average price of $35.92 and a two-hundred day moving average price of $36.53. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.29 and a current ratio of 1.77. The stock has a market capitalization of $3.49 billion, a P/E ratio of 22.12, a PEG ratio of 1.13 and a beta of 1.27. Avient has a one year low of $27.48 and a one year high of $44.85.
About Avient
Avient Corporation (NYSE: AVNT) is a global provider of specialized and sustainable polymer materials, delivering color, additive and engineered solutions to a wide range of industries. The company’s core offerings include masterbatches, colorant systems, compounds and resins designed to enhance performance, aesthetics and environmental sustainability. Avient serves markets such as packaging, automotive, consumer goods, healthcare, electronics, and agriculture, tailoring products to meet stringent regulatory and end-use requirements.
Formed through a corporate rebranding in 2020 following the divestiture of PolyOne’s specialty businesses, Avient traces its heritage to a legacy of polymer innovation spanning decades.
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