Avient Corporation (NYSE:AVNT – Get Free Report) declared a quarterly dividend on Thursday, May 14th. Shareholders of record on Thursday, June 18th will be paid a dividend of 0.275 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, June 18th.
Avient has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Avient has a dividend payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Avient to earn $3.37 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 32.6%.
Avient Stock Performance
Shares of Avient stock opened at $37.42 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $3.43 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.21 and a beta of 1.28. The business has a fifty day simple moving average of $36.00 and a two-hundred day simple moving average of $35.55. Avient has a 12 month low of $27.48 and a 12 month high of $44.85.
About Avient
Avient Corporation (NYSE: AVNT) is a global provider of specialized and sustainable polymer materials, delivering color, additive and engineered solutions to a wide range of industries. The company’s core offerings include masterbatches, colorant systems, compounds and resins designed to enhance performance, aesthetics and environmental sustainability. Avient serves markets such as packaging, automotive, consumer goods, healthcare, electronics, and agriculture, tailoring products to meet stringent regulatory and end-use requirements.
Formed through a corporate rebranding in 2020 following the divestiture of PolyOne’s specialty businesses, Avient traces its heritage to a legacy of polymer innovation spanning decades.
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