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

Mativ Holdings, Inc. (NYSE:MATV) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Friday, May 24th will be given a dividend of 0.10 per share on Friday, June 21st. This represents a $0.40 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, May 23rd.

Mativ has decreased its dividend payment by an average of 17.2% per year over the last three years. Mativ has a dividend payout ratio of 22.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Mativ to earn $1.80 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 22.2%.

Mativ Price Performance

MATV opened at $19.04 on Wednesday. The company has a current ratio of 2.54, a quick ratio of 1.40 and a debt-to-equity ratio of 1.29. Mativ has a 1 year low of $10.78 and a 1 year high of $19.05. The stock has a fifty day moving average price of $18.07 and a 200 day moving average price of $15.37. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -3.15, a PEG ratio of 3.08 and a beta of 0.75.

Mativ (NYSE:MATV) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.07. The business had revenue of $452.30 million during the quarter, compared to analyst estimates of $472.10 million. Mativ had a positive return on equity of 5.79% and a negative net margin of 15.56%. Analysts forecast that Mativ will post 1 EPS for the current fiscal year.

Insider Transactions at Mativ

In other Mativ news, Director Jeffrey Keenan bought 3,000 shares of the stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $16.06 per share, with a total value of $48,180.00. Following the completion of the transaction, the director now directly owns 312,000 shares of the company’s stock, valued at approximately $5,010,720. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.01% of the stock is currently owned by company insiders.

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.