Avient Corporation (NYSE:AVNT – Get Free Report) declared a quarterly dividend on Thursday, May 14th. Investors of record on Thursday, June 18th will be given a dividend of 0.275 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, June 18th.
Avient has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Avient has a payout ratio of 34.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Avient to earn $3.37 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 32.6%.
Avient Stock Down 0.9%
Avient stock opened at $37.42 on Tuesday. Avient has a 1-year low of $27.48 and a 1-year high of $44.85. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 1.21 and a beta of 1.28. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 0.80. The firm has a 50 day simple moving average of $36.00 and a 200 day simple moving average of $35.55.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on AVNT shares. Truist Financial started coverage on shares of Avient in a research report on Monday, June 8th. They set a “buy” rating and a $44.00 price target for the company. KeyCorp restated a “sector weight” rating on shares of Avient in a research report on Wednesday, March 4th. Weiss Ratings restated a “hold (c)” rating on shares of Avient in a research report on Wednesday, May 13th. Robert W. Baird set a $43.00 price target on shares of Avient in a research report on Friday, May 8th. Finally, UBS Group set a $44.00 price target on shares of Avient in a research report on Monday, June 8th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.71.
Get Our Latest Stock Analysis on AVNT
Avient Company Profile
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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