Avient Corporation (NYSE:AVNT – Get Free Report) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Friday, September 11th will be given a dividend of 0.275 per share on Wednesday, October 7th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, September 11th.
Avient has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. Avient has a payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Avient to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 32.5%.
Avient Trading Down 2.9%
Shares of Avient stock opened at $36.96 on Friday. The company’s fifty day moving average price is $35.91 and its two-hundred day moving average price is $36.54. The firm has a market capitalization of $3.39 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.19 and a beta of 1.27. Avient has a 52-week low of $27.48 and a 52-week high of $44.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.77 and a quick ratio of 1.29.
About Avient
Avient Corporation (NYSE: AVNT) is a global provider of specialized and sustainable polymer materials, delivering color, additive and engineered solutions to a wide range of industries. The company’s core offerings include masterbatches, colorant systems, compounds and resins designed to enhance performance, aesthetics and environmental sustainability. Avient serves markets such as packaging, automotive, consumer goods, healthcare, electronics, and agriculture, tailoring products to meet stringent regulatory and end-use requirements.
Formed through a corporate rebranding in 2020 following the divestiture of PolyOne’s specialty businesses, Avient traces its heritage to a legacy of polymer innovation spanning decades.
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