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

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

Mativ has decreased its dividend by an average of 17.2% per year over the last three years. Mativ has a dividend payout ratio of 24.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 21.1 %

Shares of MATV stock opened at $13.73 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.33 and a current ratio of 2.46. The firm has a fifty day moving average of $16.94 and a 200-day moving average of $17.35. Mativ has a 52-week low of $10.78 and a 52-week high of $19.96. The stock has a market cap of $745.95 million, a price-to-earnings ratio of 7.01, a P/E/G ratio of 3.54 and a beta of 0.70.

Mativ (NYSE:MATV) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. Mativ had a net margin of 5.44% and a return on equity of 4.84%. The firm had revenue of $523.80 million during the quarter, compared to analysts’ expectations of $526.50 million. During the same quarter last year, the company earned $0.51 earnings per share. On average, equities research analysts forecast that Mativ will post 0.82 earnings per share for the current fiscal 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.