Mativ Holdings, Inc. (NYSE:MATV) Announces $0.10 Quarterly Dividend

Mativ Holdings, Inc. (NYSE:MATV) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Friday, August 28th will be given a dividend of 0.10 per share on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, August 28th.

Mativ has decreased its dividend by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 1 years. Mativ has a 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 Price Performance

Shares of Mativ stock opened at $9.62 on Thursday. The firm has a market capitalization of $530.14 million, a PE ratio of 7.18 and a beta of 0.87. The company has a current ratio of 2.26, a quick ratio of 1.12 and a debt-to-equity ratio of 2.22. Mativ has a 12 month low of $6.27 and a 12 month high of $15.48. The business’s 50-day moving average price is $8.03 and its 200-day moving average price is $9.51.

Mativ (NYSE:MATV) last issued its earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.22. Mativ had a net margin of 3.86% and a return on equity of 11.77%. The company had revenue of $531.80 million for the quarter, compared to analysts’ expectations of $508.50 million. Sell-side analysts forecast that Mativ will post 0.85 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.