Mativ Holdings, Inc. (MATV) to Issue Quarterly Dividend of $0.10 on September 25th

Mativ Holdings, Inc. (NYSE:MATV) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, August 28th will be paid a dividend of 0.10 per share on Friday, September 25th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, August 28th.

Mativ has decreased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Mativ has a dividend payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Mativ to earn $1.25 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 32.0%.

Mativ Stock Performance

Shares of NYSE:MATV opened at $12.38 on Wednesday. The business’s fifty day moving average price is $9.24 and its two-hundred day moving average price is $9.48. Mativ has a fifty-two week low of $7.07 and a fifty-two week high of $15.48. The stock has a market capitalization of $682.39 million, a price-to-earnings ratio of 7.84 and a beta of 0.87. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.98 and a quick ratio of 0.95.

Mativ (NYSE:MATV) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.22. Mativ had a return on equity of 13.53% and a net margin of 4.50%.The firm had revenue of $531.80 million during the quarter, compared to analyst estimates of $508.50 million. As a group, analysts predict that Mativ will post 0.97 EPS for the current fiscal year.

Mativ Company Profile

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.