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

Mativ Holdings, Inc. (NYSE:MATV - Get Free Report) 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 annualized dividend and a yield of 5.67%. 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

Mativ stock traded up $0.20 during mid-day trading on Monday, hitting $7.06. The company had a trading volume of 141,447 shares, compared to its average volume of 483,629. The company has a current ratio of 2.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.28. Mativ has a 12-month low of $6.25 and a 12-month high of $19.96. The company's fifty day moving average is $9.93 and its 200-day moving average is $13.84. The company has a market capitalization of $383.64 million, a price-to-earnings ratio of -7.85, a P/E/G ratio of 1.08 and a beta of 0.66.

Mativ (NYSE:MATV - Get Free Report) last released its quarterly earnings data 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 3.86% and a negative net margin of 2.46%. The company had revenue of $458.60 million during the quarter, compared to analysts' expectations of $472.70 million. Equities research analysts predict that Mativ will post 1.15 EPS for the current year.

Analyst Ratings Changes

Separately, Stifel Nicolaus began coverage on Mativ in a research note on Thursday, November 21st. They set 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.