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

Key Points

• Mativ Holdings, Inc. has declared a quarterly dividend of $0.10 per share, with a yield of 4.7%, and the ex-dividend date is set for August 29th.
• The company's dividend payout ratio is 43.0%, indicating that its dividend is well-covered by earnings, with projections of $1.40 earnings per share next year.
• In recent trading, Mativ shares rose to $8.44, with a 52-week range of $4.34 to $19.96, showcasing a significant increase in trading volume compared to its average.

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) declared a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Investors of record on Friday, August 29th will be given a dividend of 0.10 per share on Friday, September 26th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, August 29th.

Mativ has a dividend payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Equities 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

Shares of NYSE MATV traded up $2.16 during trading hours on Thursday, reaching $8.44. 1,510,221 shares of the stock traded hands, compared to its average volume of 790,052. The company's 50-day simple moving average is $6.88 and its two-hundred day simple moving average is $6.74. The company has a market capitalization of $460.20 million, a P/E ratio of -1.03 and a beta of 0.73. Mativ has a 52-week low of $4.34 and a 52-week high of $19.96. The company has a quick ratio of 1.18, a current ratio of 2.38 and a debt-to-equity ratio of 2.65.

Mativ (NYSE:MATV - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.03). Mativ had a negative net margin of 22.70% and a positive return on equity of 3.53%. The business had revenue of $484.80 million for the quarter, compared to the consensus estimate of $470.30 million. Equities research analysts forecast that Mativ will post 1.15 EPS for the current year.

Mativ Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.