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

Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Wednesday, February 18th. Shareholders of record on Friday, March 13th will be paid a dividend of 0.10 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, March 13th.

Mativ has decreased its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 1 years. Mativ has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Mativ to earn $1.40 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 28.6%.

Mativ Trading Down 5.0%

Shares of NYSE:MATV traded down $0.72 during trading on Thursday, reaching $13.72. 72,324 shares of the company traded hands, compared to its average volume of 280,060. The company has a current ratio of 2.14, a quick ratio of 1.09 and a debt-to-equity ratio of 2.62. Mativ has a 52-week low of $4.34 and a 52-week high of $15.48. The firm has a market capitalization of $750.17 million, a price-to-earnings ratio of -1.71 and a beta of 0.82. The business’s fifty day moving average is $12.97 and its 200-day moving average is $12.02.

Mativ (NYSE:MATV) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. Mativ had a negative net margin of 22.03% and a positive return on equity of 7.06%. The company had revenue of $463.10 million during the quarter, compared to analyst estimates of $469.55 million. As a group, analysts forecast that Mativ will post 1.15 EPS for the current year.

About Mativ

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.