Avient Co. Announces Quarterly Dividend of $0.26 (NYSE:AVNT)

Avient Co. (NYSE:AVNTGet Free Report) declared a quarterly dividend on Thursday, May 16th, Zacks reports. Stockholders of record on Friday, June 21st will be given a dividend of 0.257 per share on Wednesday, July 10th. This represents a $1.03 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, June 21st.

Avient has increased its dividend by an average of 6.8% annually over the last three years and has increased its dividend every year for the last 12 years.

Avient Stock Up 0.9 %

Shares of Avient stock opened at $46.06 on Friday. Avient has a 52-week low of $27.73 and a 52-week high of $47.87. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.42 and a current ratio of 1.90. The business’s 50 day simple moving average is $42.97 and its 200 day simple moving average is $39.21. The firm has a market cap of $4.20 billion, a PE ratio of 40.05, a P/E/G ratio of 0.98 and a beta of 1.53.

Avient (NYSE:AVNTGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Avient had a return on equity of 9.79% and a net margin of 3.37%. The company had revenue of $829.00 million during the quarter, compared to analysts’ expectations of $818.45 million. During the same quarter last year, the company earned $0.63 EPS. Avient’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts predict that Avient will post 2.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of Avient from $49.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Oppenheimer upped their price target on shares of Avient from $45.00 to $49.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, Wells Fargo & Company raised their price objective on shares of Avient from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.20.

Get Our Latest Analysis on AVNT

Avient Company Profile

(Get Free Report)

Avient Corporation operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in two segments, Color, Additives and Inks; and Specialty Engineered Materials. The Color, Additives and Inks segment offers custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, and specialty inks; custom-formulated liquid system, such as polyester, vinyl, natural rubber and latex, polyurethane, and silicone; and proprietary inks.

See Also

Dividend History for Avient (NYSE:AVNT)

Receive News & Ratings for Avient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avient and related companies with MarketBeat.com's FREE daily email newsletter.