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

Mativ Holdings, Inc. (NYSE:MATV) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend is Friday, March 14th.

Mativ has decreased its dividend payment by an average of 39.0% annually over the last three years. Mativ has a payout ratio of 32.3% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Down 3.6 %

NYSE MATV opened at $6.90 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 2.40 and a debt-to-equity ratio of 1.28. The firm has a market cap of $375.90 million, a PE ratio of -7.66, a P/E/G ratio of 1.08 and a beta of 0.72. The business’s fifty day simple moving average is $8.84 and its 200-day simple moving average is $12.89. Mativ has a 52 week low of $5.74 and a 52 week high of $19.96.

Mativ (NYSE:MATV) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). The business had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $472.70 million. Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. As a group, equities analysts anticipate that Mativ will post 1.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus began coverage on Mativ in a report on Thursday, November 21st. They issued a “hold” rating and a $15.50 price objective on the stock.

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.