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

Key Points

• Mativ declared a quarterly dividend of $0.10 per share, payable September 25 to shareholders of record on August 28. The dividend implies an annualized payout of $0.40 and a 4.2% yield.
• The dividend appears supported by earnings, with a 43% payout ratio and analysts expecting $1.25 in next-year EPS, implying a projected payout ratio of 32%.
• Mativ reported quarterly EPS of $0.50, beating estimates of $0.28, while revenue of $531.8 million exceeded the $508.5 million consensus. Despite the earnings beat, analyst sentiment remains cautious, with a consensus “Reduce” rating.

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Friday, August 28th will be given a dividend of 0.10 per share on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, August 28th.

Mativ has decreased its dividend by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 1 years. Mativ has a dividend payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Mativ to earn $1.25 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 32.0%.

Mativ Stock Up 4.5%

MATV stock opened at $9.62 on Thursday. The company has a current ratio of 2.26, a quick ratio of 1.12 and a debt-to-equity ratio of 2.22. Mativ has a 1 year low of $6.27 and a 1 year high of $15.48. The company has a fifty day simple moving average of $8.03 and a 200 day simple moving average of $9.51. The firm has a market cap of $530.14 million, a PE ratio of 7.18 and a beta of 0.87.

Mativ (NYSE:MATV - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.28 by $0.22. Mativ had a net margin of 3.86% and a return on equity of 11.77%. The firm had revenue of $531.80 million for the quarter, compared to the consensus estimate of $508.50 million. Sell-side analysts anticipate that Mativ will post 0.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MATV has been the subject of several recent analyst reports. Wall Street Zen downgraded Mativ from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Weiss Ratings raised Mativ from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Monday, May 11th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce".

About Mativ

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.

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