Mativ Holdings, Inc. (MATV) to Issue Quarterly Dividend of $0.10 on December 19th

Mativ Holdings, Inc. (NYSE:MATV) announced a quarterly dividend on Wednesday, November 5th. Shareholders of record on Friday, November 28th will be given a dividend of 0.10 per share on Friday, December 19th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, November 28th.

Mativ has decreased its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Mativ has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Mativ to earn $1.40 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 28.6%.

Mativ Price Performance

Shares of Mativ stock opened at $12.81 on Friday. The business has a 50 day moving average of $11.45 and a 200 day moving average of $8.70. Mativ has a 52 week low of $4.34 and a 52 week high of $15.21. The company has a market cap of $700.36 million, a PE ratio of -1.53 and a beta of 0.86. The company has a quick ratio of 1.21, a current ratio of 2.37 and a debt-to-equity ratio of 2.65.

Mativ (NYSE:MATV) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.12. Mativ had a negative net margin of 23.09% and a positive return on equity of 4.12%. The business had revenue of $513.70 million for the quarter, compared to analysts’ expectations of $505.00 million. As a group, equities research analysts forecast that Mativ will post 1.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MATV has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Mativ from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Mativ in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Mativ from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.00.

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.