Avient Corporation (NYSE:AVNT – Get Free Report) announced a quarterly dividend on Thursday, May 14th. Investors of record on Thursday, June 18th will be given 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 raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Avient has a dividend payout ratio of 34.9% meaning 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 Trading Down 0.9%
Shares of Avient stock opened at $37.42 on Tuesday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.21 and a beta of 1.28. The company has a quick ratio of 1.29, a current ratio of 1.77 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 50-day moving average price is $36.00 and its two-hundred day moving average price is $35.55.
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.
Further Reading
- Five stocks we like better than Avient
- 3 AI Stocks With Moats That Could Outlast Summer Volatility
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
Receive News & Ratings for Avient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avient and related companies with MarketBeat.com's FREE daily email newsletter.
