Avient Announces Quarterly Dividend

Rhea-AI Summary

Avient Corporation (NYSE: AVNT) has declared a quarterly cash dividend of $0.2025 per share, payable on October 8, 2020, to stockholders of record on September 18, 2020. The company reported pro forma revenues of $4.0 billion for 2019, focusing on specialized and sustainable material solutions. Avient provides innovative technologies for food preservation, lightweight materials to improve fuel efficiency, and recyclability enhancements for various packaging. Their commitment to sustainability is reflected in their membership with the Alliance to End Plastic Waste.

Positive

• Declared a quarterly cash dividend of $0.2025 per share, enhancing shareholder income.
• 2019 pro forma revenues reached $4.0 billion, indicating strong financial performance.
• Focus on sustainable material solutions aligns with growing environmental concerns.

Negative

• None.

CLEVELAND, July 16, 2020 /PRNewswire/ -- The Board of Directors of Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, has declared a quarterly cash dividend of twenty and one-quarter cents ($0.2025) per share on the common stock outstanding, to be paid on October 8, 2020, to stockholders of record on September 18, 2020.

About Avient

Avient Corporation (NYSE: AVNT), with 2019 pro forma revenues of $4.0 billion, provides specialized and sustainable material solutions that transform customer challenges into opportunities, bringing new products to life for a better world. Examples include:

• Barrier technologies that preserve the shelf-life and quality of food, beverages, medicine and other perishable goods through high-performance materials that require less plastic
• Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation
• Breakthrough technologies that minimize wastewater and improve the recyclability of materials and packaging across a spectrum of end uses

Avient employs approximately 9,100 associates and is certified ACC Responsible Care® and a founding member of the Alliance to End Plastic Waste.  For more information, visit www.avient.com.

To access Avient's news library online, please visit www.avient.com/news.

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SOURCE Avient Corporation

FAQ

What is the amount of the dividend declared by Avient?

Avient declared a quarterly dividend of $0.2025 per share.

When will Avient pay the dividend?

The dividend will be paid on October 8, 2020.

What is the record date for Avient's dividend?

The record date for the dividend is September 18, 2020.

What were Avient's pro forma revenues for 2019?

Avient reported pro forma revenues of $4.0 billion for 2019.

What sustainable solutions does Avient provide?

Avient offers barrier technologies, lightweighting solutions, and innovations to improve recyclability.