Mativ Holdings, Inc. (NYSE:MATV – Get Free Report) declared a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Stockholders of record on Friday, August 23rd will be paid a dividend of 0.10 per share on Friday, September 20th. This represents a $0.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, August 23rd.
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 22.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 stock opened at $17.99 on Thursday. The company has a market capitalization of $977.40 million, a P/E ratio of -2.98, a price-to-earnings-growth ratio of 3.69 and a beta of 0.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.33 and a current ratio of 2.46. Mativ has a 52-week low of $10.78 and a 52-week high of $19.62. The business has a 50-day simple moving average of $17.14 and a two-hundred day simple moving average of $17.10.
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.
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