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

Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Wednesday, November 5th. Investors of record on Friday, November 28th will be given a dividend of 0.10 per share on Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, November 28th.

Mativ has decreased its dividend by an average of 0.3%per year 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Mativ to earn $1.40 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 28.6%.

Mativ Price Performance

NYSE MATV opened at $10.55 on Thursday. Mativ has a 12 month low of $4.34 and a 12 month high of $17.47. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.37 and a quick ratio of 1.21. The firm has a market capitalization of $576.91 million, a PE ratio of -1.26 and a beta of 0.86. The company’s 50 day simple moving average is $11.44 and its 200 day simple moving average is $8.67.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.15. Mativ had a negative net margin of 23.09% and a positive return on equity of 4.12%. The business had revenue of $525.40 million for the quarter, compared to analyst estimates of $505.00 million. As a group, equities research analysts forecast that Mativ will post 1.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on MATV. Wall Street Zen upgraded shares of Mativ from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mativ in a research note on Wednesday, October 8th. Finally, Zacks Research lowered shares of Mativ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.00.

About Mativ

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.