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Mativ Announces Change in Record Date for its Quarterly Dividend
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Mativ Holdings, Inc. (NYSE: MATV) has officially changed the record date for its quarterly cash dividend from March 3, 2023 to March 7, 2023. The cash dividend remains at $0.40 per share, payable on March 24, 2023. This adjustment reflects the Company's commitment to maintaining shareholder returns. Mativ operates globally in specialty materials with a workforce exceeding 7,500 and offers solutions across diverse markets, from healthcare to sustainable packaging. With significant manufacturing capabilities, Mativ aims to drive innovation and performance in its industry.
Positive
Continued quarterly cash dividend of $0.40 per share, reflecting commitment to shareholder returns.
Negative
None.
ALPHARETTA, Ga,.--(BUSINESS WIRE)--
Mativ Holdings, Inc. ("Mativ" or the "Company") (NYSE: MATV) announced today that the Board of Directors of the Company has approved changing the previously announced record date of March 3, 2023 for its quarterly cash dividend of $0.40 per share, payable on March 24, 2023. The new record date for the dividend will be March 7, 2023. The dividend will continue to be payable on March 24, 2023.
About Mativ
Mativ Holdings, Inc. is a global leader in specialty materials headquartered in Alpharetta, Georgia. The Company offers a wide range of critical components and engineered solutions to solve our customers’ most complex challenges. With over 7,500 employees worldwide, we manufacture on four continents and generate sales in more than 100 countries. The Company’s two operating segments, Advanced Technical Materials and Fiber-Based Solutions, target premium applications across diversified and growing end-markets, from filtration to healthcare to sustainable packaging. Our broad portfolio of technologies combines polymers, fibers, and resins to optimize the performance of our customers’ products across multiple stages of the value chain. Our leading positions are a testament to our best-in-class global manufacturing, supply chain, and materials science capabilities. We drive innovation and enhance performance, finding potential in the impossible.
Andrew Wamser Chief Financial Officer
+1-770-569-4271
Or
Mark Chekanow, CFA
Director of Investor Relations
+1-770-569-4229
Website: http://www.mativ.com
Source: Mativ Holdings, Inc.
FAQ
What is the new record date for Mativ's cash dividend?
The new record date for Mativ's cash dividend is March 7, 2023.
When will Mativ's dividend be paid?
Mativ's cash dividend will be payable on March 24, 2023.
What is the amount of Mativ's quarterly cash dividend?
Mativ's quarterly cash dividend is $0.40 per share.
How often does Mativ pay dividends?
Mativ typically pays dividends quarterly.
How does Mativ's cash dividend impact shareholders?
The cash dividend provides a return on investment for shareholders and reflects the company's financial health.
