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

Mativ Holdings, Inc. (NYSE:MATV) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.10 per share on Friday, March 28th. This represents a $0.40 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date is Friday, March 14th.

Mativ has decreased its dividend by an average of 39.0% annually over the last three years. Mativ has a dividend payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. 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 Performance

NYSE:MATV opened at $7.48 on Friday. The stock has a fifty day simple moving average of $10.03 and a 200-day simple moving average of $13.91. Mativ has a 52-week low of $7.28 and a 52-week high of $19.96. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31.

Mativ (NYSE:MATV) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). Mativ had a positive return on equity of 3.82% and a negative net margin of 2.46%. The company had revenue of $458.60 million for the quarter, compared to analyst estimates of $472.70 million. Equities research analysts predict that Mativ will post 1.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus began coverage on shares of Mativ in a research report on Thursday, November 21st. They issued a “hold” rating and a $15.50 target price for the company.

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.