Avient Corporation (NYSE:AVNT) Plans Dividend Increase - $0.28 Per Share

Key Points

• Avient raised its quarterly dividend 2.7% to $0.2825 per share, payable January 7 to shareholders of record December 11. The new annualized dividend is $1.13, yielding approximately 2.7%.
• The dividend appears well covered, with a 34.9% payout ratio and analysts expecting $3.54 in earnings per share next year, implying a projected payout ratio of 31.1%.
• Avient’s latest quarter exceeded expectations: earnings were $0.96 per share versus the $0.89 consensus, while revenue rose 5.8% year over year to $917 million.

Avient Corporation (NYSE:AVNT - Get Free Report) announced a quarterly dividend on Tuesday, October 6th. Shareholders of record on Friday, December 11th will be given a dividend of $0.2825 per share on Thursday, January 7th. This represents a $1.13 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, December 11th. This is a 2.7% increase from Avient's previous quarterly dividend of $0.2750.

Avient has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Avient has a dividend payout ratio of 34.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Avient to earn $3.54 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 31.1%.

Avient Trading Down 0.2%

NYSE AVNT opened at $41.52 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.90 and a debt-to-equity ratio of 0.77. The firm has a market cap of $3.81 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.20 and a beta of 1.28. The company has a 50 day moving average price of $42.15 and a 200 day moving average price of $38.28. Avient has a 52 week low of $27.48 and a 52 week high of $46.64.

Avient (NYSE:AVNT - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.07. Avient had a net margin of 5.10% and a return on equity of 11.64%. The company had revenue of $917.00 million during the quarter, compared to the consensus estimate of $898.53 million. During the same period last year, the firm earned $0.80 earnings per share. Avient's revenue was up 5.8% compared to the same quarter last year. Avient has set its FY 2026 guidance at 3.100-3.250 EPS and its Q3 2026 guidance at 0.800-0.800 EPS. As a group, sell-side analysts forecast that Avient will post 3.2 EPS for the current fiscal year.

Avient Company Profile

Avient Corporation NYSE: AVNT is a global materials company that develops and manufactures specialized polymer products and solutions. Its portfolio includes engineered materials, specialty formulations, colorants, additives, inks, and other technologies designed to improve the performance, appearance, sustainability, and processing of plastics and other materials.

The company serves customers across a range of industries, including packaging, transportation, healthcare, consumer products, electronics, building and construction, and energy.

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