Mativ Holdings, Inc. (MATV) To Go Ex-Dividend on May 29th

Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Friday, May 29th will be given a dividend of 0.10 per share on Friday, June 19th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, May 29th.

Mativ has decreased its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Mativ has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Mativ to earn $1.25 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 32.0%.

Mativ Price Performance

Mativ stock opened at $8.88 on Wednesday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.12 and a current ratio of 2.26. Mativ has a 52 week low of $5.58 and a 52 week high of $15.48. The stock has a market capitalization of $489.47 million, a P/E ratio of 6.63 and a beta of 0.89. The stock has a fifty day moving average of $8.87 and a 200-day moving average of $11.10.

Mativ (NYSE:MATV) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Mativ had a return on equity of 11.77% and a net margin of 3.86%.The company had revenue of $479.60 million during the quarter, compared to analysts’ expectations of $486.90 million. On average, sell-side analysts expect that Mativ will post 0.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wall Street Zen cut Mativ from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings raised Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Mativ Company Profile

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.