Avient (AVNT) to Issue Dividend of $0.20 on October 8th

Avient (NASDAQ:AVNT) announced a dividend on Thursday, July 16th, NASDAQ reports. Investors of record on Friday, September 18th will be given a dividend of 0.203 per share on Thursday, October 8th. The ex-dividend date is Thursday, September 17th.

Avient has a payout ratio of 56.6% meaning its dividend is sufficiently covered by earnings.

NASDAQ AVNT opened at $27.36 on Tuesday. Avient has a twelve month low of $8.69 and a twelve month high of $37.33.

Avient (NASDAQ:AVNT) last released its earnings results on Wednesday, July 22nd. The company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $609.10 million during the quarter, compared to the consensus estimate of $641.75 million. During the same period last year, the firm posted $0.74 earnings per share. The company’s revenue was down 32.6% compared to the same quarter last year.

Separately, Citigroup began coverage on Avient in a report on Friday, September 4th. They issued a “neutral” rating and a $30.00 target price on the stock.

Avient Company Profile

Avient Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in three segments: Color, Additives and Inks; Specialty Engineered Materials; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions.

See Also: Why do analysts give a neutral rating?

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