Mativ Holdings, Inc. (MATV) to Issue Quarterly Dividend of $0.10 on December 20th

Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.10 per share on Friday, December 20th. This represents a $0.40 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Friday, November 29th.

Mativ has decreased its dividend payment by an average of 17.2% annually over the last three years. Mativ has a dividend payout ratio of 38.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of MATV opened at $13.47 on Wednesday. The stock has a market capitalization of $731.96 million, a P/E ratio of 6.87, a P/E/G ratio of 3.89 and a beta of 0.70. Mativ has a twelve month low of $10.78 and a twelve month high of $19.96. The company has a 50 day moving average of $15.64 and a 200-day moving average of $16.88. The company has a quick ratio of 1.29, a current ratio of 2.37 and a debt-to-equity ratio of 1.31.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus initiated 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.

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.