Mativ Holdings, Inc. (MATV) To Go Ex-Dividend on November 27th

Mativ Holdings, Inc. (NYSE:MATV) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Friday, November 27th will be given a dividend of $0.10 per share on Friday, December 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.2%. 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 raised its dividend every year for the last 1 years. Mativ has a dividend payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. 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 1.8%

Shares of MATV opened at $12.32 on Friday. The firm has a market cap of $678.82 million, a P/E ratio of 7.65 and a beta of 0.93. The stock’s 50 day moving average is $11.90 and its two-hundred day moving average is $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 has a 12 month low of $7.07 and a 12 month high of $15.48.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.06. The business had revenue of $499.50 million for the quarter, compared to the consensus estimate of $510.00 million. Mativ had a net margin of 4.64% and a return on equity of 12.09%. Analysts predict that Mativ will post 0.97 earnings per share for the current fiscal year.

Mativ Company Profile

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.