Mativ Holdings, Inc. (MATV) to Issue Quarterly Dividend of $0.10 on March 27th

Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Friday, March 13th will be paid a dividend of 0.10 per share on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, March 13th.

Mativ has decreased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 1 years. Mativ has a dividend payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of MATV opened at $9.02 on Wednesday. The company has a 50-day simple moving average of $12.42 and a two-hundred day simple moving average of $12.08. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.24 and a quick ratio of 1.08. The firm has a market capitalization of $494.17 million, a PE ratio of -1.44 and a beta of 0.80. Mativ has a one year low of $4.34 and a one year high of $15.48.

Mativ (NYSE:MATV) last posted its earnings results on Wednesday, February 18th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. Mativ had a positive return on equity of 9.79% and a negative net margin of 16.98%.The firm had revenue of $463.10 million for the quarter, compared to the consensus estimate of $469.55 million. On average, analysts anticipate that Mativ will post 1.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mativ in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Mativ currently has a consensus rating of “Hold” and an average price target of $10.00.

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.