Mativ Holdings, Inc. (MATV) to Issue Quarterly Dividend of $0.10 on September 25th

Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, August 28th will be paid a dividend of 0.10 per share on Friday, September 25th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, August 28th.

Mativ has decreased its dividend payment by an average of 0.3%per year over the last three years and has increased 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. 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 Trading Up 22.4%

Shares of NYSE:MATV opened at $11.71 on Friday. The company has a market cap of $645.62 million, a P/E ratio of 7.41 and a beta of 0.87. The stock’s 50-day moving average is $8.08 and its 200-day moving average is $9.51. Mativ has a 52-week low of $7.07 and a 52-week high of $15.48. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.12 and a current ratio of 2.26.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.22. Mativ had a return on equity of 13.64% and a net margin of 4.50%.The business had revenue of $531.80 million during the quarter, compared to analysts’ expectations of $508.50 million. Equities research analysts predict that Mativ will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MATV. Weiss Ratings raised shares of Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded Mativ from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 2nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mativ presently has an average rating of “Reduce”.

Mativ Company Profile

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.