Avient Corporation (NYSE:AVNT) Raises Dividend to $0.28 Per Share

Key Points

• Avient Corporation increased its quarterly dividend to $0.28 per share, up 1.9% from the previous dividend of $0.27, reflecting a dividend yield of 3.4%.
• Analysts expect Avient to earn $3.28 per share next year, indicating that the company can comfortably maintain its dividend payouts with a projected payout ratio of 32.9%.
• Avient reported a net margin of 3.65% and quarterly revenue of $866.5 million, surpassing analysts' expectations, and providing a positive outlook for future earnings prospects.

Avient Corporation (NYSE:AVNT - Get Free Report) declared a quarterly dividend on Wednesday, October 8th, RTT News reports. Stockholders of record on Friday, December 12th will be given a dividend of 0.275 per share on Wednesday, January 7th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. This is a 1.9% increase from Avient's previous quarterly dividend of $0.27.

Avient has a dividend payout ratio of 34.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Avient to earn $3.28 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 32.9%.

Avient Stock Performance

Shares of NYSE:AVNT traded up $0.08 on Wednesday, reaching $32.05. 333,414 shares of the company's stock were exchanged, compared to its average volume of 553,841. Avient has a fifty-two week low of $27.86 and a fifty-two week high of $54.68. The business's 50-day moving average is $35.04 and its two-hundred day moving average is $34.70. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 1.11 and a beta of 1.41. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.85.

Avient (NYSE:AVNT - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. Avient had a net margin of 3.65% and a return on equity of 10.57%. The business had revenue of $866.50 million during the quarter, compared to analysts' expectations of $852.98 million. During the same period last year, the company posted $0.76 earnings per share. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. Avient has set its Q3 2025 guidance at 0.700-0.700 EPS. FY 2025 guidance at 2.770-2.870 EPS. As a group, equities research analysts forecast that Avient will post 2.85 EPS for the current year.

Avient Company Profile

Avient Corporation operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in two segments, Color, Additives and Inks; and Specialty Engineered Materials. The Color, Additives and Inks segment offers custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, and specialty inks; custom-formulated liquid system, such as polyester, vinyl, natural rubber and latex, polyurethane, and silicone; and proprietary inks.

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