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

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. Stockholders of record on Friday, August 29th will be paid a dividend of 0.10 per share on Friday, September 26th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, August 29th.

Mativ has a dividend payout ratio of 43.0% indicating that 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 0.0%

Shares of MATV stock traded down $0.00 on Monday, hitting $9.39. The company's stock had a trading volume of 1,227,876 shares, compared to its average volume of 605,419. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.37 and a quick ratio of 1.21. The stock has a market capitalization of $513.30 million, a price-to-earnings ratio of -1.12 and a beta of 0.73. The firm's fifty day moving average price is $7.08 and its 200-day moving average price is $6.68. Mativ has a fifty-two week low of $4.34 and a fifty-two week high of $19.96.

Mativ (NYSE:MATV - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.15. Mativ had a positive return on equity of 4.12% and a negative net margin of 23.09%. The company had revenue of $525.40 million during the quarter, compared to analyst estimates of $505.00 million. Research analysts anticipate that Mativ will post 1.15 EPS for the current year.

Insider Transactions at Mativ

In related news, CEO Shruti Singhal bought 40,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were bought at an average price of $5.76 per share, with a total value of $230,400.00. Following the completion of the transaction, the chief executive officer directly owned 56,533 shares in the company, valued at approximately $325,630.08. This represents a 241.94% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimberly E. Ritrievi bought 10,000 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was acquired at an average price of $5.88 per share, for a total transaction of $58,800.00. Following the purchase, the director directly owned 30,640 shares in the company, valued at approximately $180,163.20. The trade was a 48.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mativ

Several hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of Mativ by 119.7% in the first quarter. GAMMA Investing LLC now owns 4,462 shares of the company's stock worth $28,000 after purchasing an additional 2,431 shares during the last quarter. CWM LLC raised its stake in shares of Mativ by 707.7% in the first quarter. CWM LLC now owns 4,701 shares of the company's stock worth $29,000 after buying an additional 4,119 shares during the period. Federated Hermes Inc. purchased a new position in shares of Mativ in the fourth quarter valued at about $33,000. US Bancorp DE grew its holdings in Mativ by 204.2% during the 1st quarter. US Bancorp DE now owns 5,677 shares of the company's stock valued at $35,000 after buying an additional 3,811 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in shares of Mativ in the 1st quarter worth approximately $64,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

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.