Mativ Holdings, Inc. (MATV) To Go Ex-Dividend on March 13th

Mativ Holdings, Inc. (NYSE:MATV) announced a quarterly dividend on Wednesday, February 18th. Shareholders of record on Friday, March 13th will be given a dividend of 0.10 per share on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, March 13th.

Mativ has decreased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 1 years. Mativ has a payout ratio of 43.0% 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

NYSE:MATV opened at $13.24 on Friday. Mativ has a 1-year low of $4.34 and a 1-year high of $15.48. The firm has a 50 day simple moving average of $12.98 and a 200-day simple moving average of $12.03. The firm has a market cap of $723.96 million, a PE ratio of -2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 2.62, a current ratio of 2.14 and a quick ratio of 1.09.

Mativ (NYSE:MATV) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. Mativ had a positive return on equity of 10.29% and a negative net margin of 16.98%.The company had revenue of $463.10 million during the quarter, compared to the consensus estimate of $469.55 million. On average, equities analysts expect that Mativ will post 1.15 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MATV shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Mativ in a research note on Monday, December 29th. Wall Street Zen raised shares of Mativ from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Mativ currently has a consensus rating of “Hold” and a consensus target price of $10.00.

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.