Mativ Holdings, Inc. (NYSE:MATV) Stock to Pay Quarterly Dividend of $0.10

Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Friday, November 27th will be paid a dividend of $0.10 per share on Friday, December 18th. This represents a $0.40 annualized dividend and a dividend 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% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Mativ has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. 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 Mativ stock opened at $12.11 on Thursday. The stock has a fifty day simple moving average of $11.90 and a 200 day simple moving average of $10.29. Mativ has a 12-month low of $7.07 and a 12-month high of $15.48. The company has a market capitalization of $667.23 million, a P/E ratio of 7.66 and a beta of 0.93. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 2.09.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Mativ during the 2nd quarter valued at $46,992,000. Allspring Global Investments Holdings LLC increased its holdings in Mativ by 3.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,089,594 shares of the company’s stock worth $35,661,000 after acquiring an additional 138,938 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Mativ by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,317,550 shares of the company’s stock worth $20,162,000 after acquiring an additional 147,577 shares during the last quarter. Bank of America Corp DE raised its stake in Mativ by 9.9% in the 1st quarter. Bank of America Corp DE now owns 586,036 shares of the company’s stock valued at $5,099,000 after acquiring an additional 52,830 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Mativ by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 491,368 shares of the company’s stock valued at $4,275,000 after acquiring an additional 1,311 shares during the period. 94.95% of the stock is owned by institutional investors.

Mativ Company Profile

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.