Mativ Holdings, Inc. (NYSE:MATV) Announces Quarterly Dividend of $0.10

Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Friday, November 27th will be given a dividend of $0.10 per share on Friday, December 18th. This represents a $0.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, November 27th.

Mativ has decreased its dividend 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 dividend payout ratio of 43.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 8.4%

Shares of MATV stock opened at $12.11 on Thursday. Mativ has a 1-year low of $7.07 and a 1-year high of $15.48. The firm has a market cap of $667.23 million, a PE ratio of 7.66 and a beta of 0.93. The company has a 50-day moving average of $11.90 and a two-hundred day moving average of $10.29. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.98 and a quick ratio of 0.95.

Mativ (NYSE:MATV) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06. Mativ had a net margin of 4.50% and a return on equity of 13.53%. The business had revenue of $499.50 million for the quarter, compared to the consensus estimate of $510.00 million. On average, analysts predict that Mativ will post 0.97 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Mativ during the 2nd quarter worth approximately $46,992,000. Bank of America Corp DE acquired a new stake in Mativ during the 2nd quarter worth approximately $3,831,000. Bank of New York Mellon Corp purchased a new position in Mativ in the 2nd quarter valued at approximately $3,746,000. Empowered Funds LLC purchased a new position in Mativ in the 2nd quarter valued at approximately $2,134,000. Finally, CenterBook Partners LP acquired a new position in shares of Mativ in the third quarter worth $3,258,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

About Mativ

Mativ Inc (NYSE: MATV) is a global manufacturer of specialty materials and engineered solutions. The company develops and produces materials used in filtration, healthcare, hygiene, food and beverage, industrial, packaging, and other specialized applications.

Its products include filtration media and components, engineered papers and nonwoven materials, release liners, protective and medical materials, and other performance-oriented substrates. Mativ’s solutions are designed to provide properties such as filtration, barrier protection, absorbency, strength, and durability for use in consumer and industrial products.

The company was formed in 2022 through the merger of Schweitzer-Mauduit International and Neenah, combining their specialty materials businesses.