Mativ Holdings, Inc. (MATV) to Issue Quarterly Dividend of $0.10 on December 20th

Mativ Holdings, Inc. (NYSE:MATV) announced a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.10 per share on Friday, December 20th. This represents a $0.40 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, November 29th.

Mativ has decreased its dividend payment by an average of 17.2% annually over the last three years. Mativ has a payout ratio of 24.2% meaning its dividend is sufficiently covered by earnings. Research 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 Down 21.1 %

MATV stock opened at $13.73 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.46 and a quick ratio of 1.33. The company has a 50-day moving average of $16.94 and a two-hundred day moving average of $17.35. The stock has a market capitalization of $745.95 million, a price-to-earnings ratio of 7.01, a price-to-earnings-growth ratio of 3.54 and a beta of 0.70. Mativ has a 52-week low of $10.78 and a 52-week high of $19.96.

Mativ (NYSE:MATV) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.21 by $0.13. The company had revenue of $523.80 million for the quarter, compared to the consensus estimate of $526.50 million. Mativ had a return on equity of 4.84% and a net margin of 5.44%. During the same period in the previous year, the business posted $0.51 EPS. As a group, equities research analysts anticipate that Mativ will post 0.82 EPS for the current year.

About Mativ

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.