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

Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.10 per share on Friday, March 28th. This represents a $0.40 dividend on an annualized basis and a dividend 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 payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Mativ to earn $1.15 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 34.8%.

Mativ Stock Down 17.7 %

Shares of Mativ stock traded down $1.61 on Thursday, reaching $7.48. The stock had a trading volume of 1,242,216 shares, compared to its average volume of 459,176. The company has a 50 day moving average price of $10.12 and a 200 day moving average price of $13.96. 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 has a 1 year low of $7.28 and a 1 year high of $19.96. The stock has a market capitalization of $406.57 million, a P/E ratio of 3.82, a P/E/G ratio of 1.31 and a beta of 0.66.

Mativ (NYSE:MATV) last released its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.17). The company had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $472.70 million. Mativ had a return on equity of 4.88% and a net margin of 5.44%. As a group, equities research analysts forecast that Mativ will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.