Solstice Advanced Mat (NASDAQ:SOLS) Announces $0.08 Quarterly Dividend

Solstice Advanced Mat (NASDAQ:SOLS) announced a quarterly dividend on Monday, April 27th. Shareholders of record on Wednesday, May 27th will be paid a dividend of 0.075 per share on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th.

Solstice Advanced Mat Stock Performance

SOLS stock traded down $0.02 during mid-day trading on Monday, hitting $81.28. 1,196,173 shares of the company were exchanged, compared to its average volume of 2,883,484. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 1.50. The company has a market cap of $12.91 billion and a price-to-earnings ratio of 312.60. The business has a 50 day simple moving average of $77.22. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $84.44.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). The business had revenue of $987.00 million for the quarter, compared to analysts’ expectations of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities research analysts predict that Solstice Advanced Mat will post 2.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Solstice Advanced Mat

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at $893,275,000. State Street Corp bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at $245,276,000. Morgan Stanley bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at $195,151,000. Madison Avenue Partners LP bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at $135,172,000. Finally, UBS Group AG bought a new position in shares of Solstice Advanced Mat in the fourth quarter valued at $130,269,000.

About Solstice Advanced Mat

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.