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

Mativ Holdings, Inc. (NYSE:MATV) announced a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Shareholders of record on Friday, May 24th will be given a dividend of 0.10 per share on Friday, June 21st. This represents a $0.40 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, May 23rd.

Mativ has decreased its dividend by an average of 17.2% annually over the last three years. Mativ has a dividend payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Mativ to earn $1.80 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 22.2%.

Mativ Stock Performance

MATV opened at $18.48 on Friday. The business’s 50-day moving average price is $18.05 and its two-hundred day moving average price is $15.06. Mativ has a 1 year low of $10.78 and a 1 year high of $19.02. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of -3.27, a P/E/G ratio of 2.03 and a beta of 0.75. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.53 and a quick ratio of 1.28.

Mativ (NYSE:MATV) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.07. The firm had revenue of $452.30 million for the quarter, compared to the consensus estimate of $472.10 million. Mativ had a positive return on equity of 6.70% and a negative net margin of 13.47%. Equities analysts expect that Mativ will post 1.5 EPS for the current fiscal year.

Insider Activity at Mativ

In other Mativ news, Director Jeffrey Keenan purchased 3,000 shares of Mativ stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of $16.06 per share, for a total transaction of $48,180.00. Following the completion of the acquisition, the director now owns 312,000 shares of the company’s stock, valued at approximately $5,010,720. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.01% of the stock is owned by company insiders.

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.