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

Mativ Holdings, Inc. (NYSE:MATV) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.10 per share on Friday, March 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Friday, March 14th.

Mativ has decreased its dividend by an average of 39.0% annually over the last three years. Mativ has a payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Mativ to earn $1.15 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 34.8%.

Mativ Trading Down 17.7 %

Shares of NYSE:MATV traded down $1.61 during midday trading on Thursday, reaching $7.48. The company’s stock had a trading volume of 1,242,711 shares, compared to its average volume of 459,196. The firm has a market cap of $406.57 million, a price-to-earnings ratio of 3.82, a price-to-earnings-growth ratio of 1.31 and a beta of 0.66. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31. Mativ has a 1 year low of $7.28 and a 1 year high of $19.96. The business has a 50 day moving average price of $10.12 and a 200 day moving average price of $13.96.

Mativ (NYSE:MATV) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). Mativ had a net margin of 5.44% and a return on equity of 4.88%. The firm had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $472.70 million. Research analysts forecast that Mativ will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus initiated coverage on Mativ in a research report on Thursday, November 21st. They issued a “hold” rating and a $15.50 target price for the company.

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.