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

Mativ Holdings, Inc. (NYSE:MATV – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Friday, November 27th will be paid a dividend of $0.10 per share on Friday, December 18th. This represents a $0.40 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, November 27th.

Mativ has decreased its dividend by an average of 0.3% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Mativ has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Mativ to earn $1.25 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 32.0%.

Mativ Stock Up 8.4%

Shares of MATV stock opened at $12.11 on Thursday. Mativ has a twelve month low of $7.07 and a twelve month high of $15.48. The stock has a market cap of $667.23 million, a P/E ratio of 7.66 and a beta of 0.93. The stock has a 50 day moving average of $11.90 and a 200 day moving average of $10.29. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 2.09.

Mativ (NYSE:MATV – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.25 by $0.06. The business had revenue of $499.50 million for the quarter, compared to analyst estimates of $510.00 million. Mativ had a return on equity of 13.53% and a net margin of 4.50%. As a group, sell-side analysts expect that Mativ will post 0.97 EPS for the current year.

Mativ Company Profile

(Get Free Report)

Mativ Inc (NYSE: MATV) is a global manufacturer of specialty materials and engineered solutions. The company develops and produces materials used in filtration, healthcare, hygiene, food and beverage, industrial, packaging, and other specialized applications.

Its products include filtration media and components, engineered papers and nonwoven materials, release liners, protective and medical materials, and other performance-oriented substrates. Mativ’s solutions are designed to provide properties such as filtration, barrier protection, absorbency, strength, and durability for use in consumer and industrial products.

The company was formed in 2022 through the merger of Schweitzer-Mauduit International and Neenah, combining their specialty materials businesses.

Further Reading

Dividend History for Mativ (NYSE:MATV)

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