Avient Corporation to Issue Quarterly Dividend of $0.28 (NYSE:AVNT)

Avient Corporation (NYSE:AVNT) announced a quarterly dividend on Thursday, May 14th. Stockholders 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 dividend yield of 2.9%. The ex-dividend date is Thursday, June 18th.

Avient has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Avient has a payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.9%

AVNT opened at $37.42 on Tuesday. The stock 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 company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 0.80. Avient has a 12 month low of $27.48 and a 12 month high of $44.85. The firm’s fifty day simple moving average is $36.00 and its 200 day simple moving average is $35.55.

Avient (NYSE:AVNT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. The firm had revenue of $847.40 million for the quarter, compared to the consensus estimate of $846.35 million. Avient had a return on equity of 11.11% and a net margin of 4.81%.The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. Avient has set its Q2 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 2.930-3.170 EPS. As a group, research analysts anticipate that Avient will post 3.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Avient

A number of large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Avient in the fourth quarter valued at approximately $41,457,000. Invesco Ltd. grew its position in Avient by 697.0% during the fourth quarter. Invesco Ltd. now owns 1,442,074 shares of the company’s stock worth $45,050,000 after buying an additional 1,261,146 shares in the last quarter. Millennium Management LLC grew its position in Avient by 440.4% during the third quarter. Millennium Management LLC now owns 1,337,188 shares of the company’s stock worth $44,060,000 after buying an additional 1,089,744 shares in the last quarter. Jennison Associates LLC increased its stake in Avient by 96.0% during the 1st quarter. Jennison Associates LLC now owns 1,411,254 shares of the company’s stock worth $51,229,000 after acquiring an additional 691,316 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Avient by 147.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 799,621 shares of the company’s stock worth $24,980,000 after acquiring an additional 476,016 shares during the period. Institutional investors own 95.48% of the company’s stock.

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.