Avient said on May 11, 2023 that its board of directors declared regular quarterly dividend $0.25 per share ($0.99 annually). Previously, the company paid $0.25 per share.
The shares must have been purchased before the ex-split date of June 15, 2023, to qualify for the dividend. Shareholders of record through June 16, 2023 will receive the payment on July 7, 2023.
At the current share price of $38.62/share, the stock’s dividend yield is 2.56%.
Looking back five years and taking one sample each week, the average dividend yield has been 2.36%, with a low of 1.57%, and a high of 5.32%. The standard deviation of the yield is 0.63 (n=237).
The current dividend yield is 0.32 standard deviations from the historical average.
Additionally, the company has a dividend payout ratio of 0.14. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is 0.22%, indicating that it has increased its dividend over time.
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What is Fund Sentiment?
there are Reporting of 688 fund or institution positions in Aviant. This is a decrease of 12 owners or 1.71% from the previous quarter. average portfolio weight of all funds 0.36% dedicated to AVNT, an increase of 50.45%. Total shares owned by institutions decreased by 0.02% to 110,668K shares in the past three months. put/call ratio The AVNT has 1.06, indicating a bearish outlook.
Analyst Price Forecast Indicates 30.98% Upside
By May 11, 2023, average one year price target For Avient is 50.58. Forecasts range from a low of $40.40 to a high of $73.50. The average price target shows an upside of 30.98% from its latest informed closing price of 38.62.
see our Leaderboard of companies With the biggest price target on the upside.
The estimated annual revenue for Avient is 3,571MM with a growth of 6.58%. Estimated Annual Non-GAAP eps is 2.54.
What are the other shareholders doing?
Marquardt and Behl The company holds 4,311K shares representing 4.73% ownership. In its prior filing, the firm reported representing 4,565K shares. fall short of 5.90%. Firm increased Its portfolio allocation in AVNT has increased by 7.33% over the previous quarter.
Allspring Global Investment Holdings The company holds 4,151K shares representing 4.56% ownership. In its prior filing, the firm reported representing 4,146K shares. a hike of 0.12%. Firm increased Its portfolio allocation in AVNT has increased by 18.45% as compared to the previous quarter.
ESPAX – Wells Fargo Special Small Cap Value Fund The company holds 3,343K shares representing 3.67% ownership. In its prior filing, the firm reported representing 3,177K shares. a hike of 4.97%. Firm increased Its portfolio allocation in AVNT has increased by 8.52% over the previous quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares The company holds 2,758K shares representing 3.03% ownership. In its prior filing, the firm reported representing 2,680K shares. a hike of 2.82%. Firm increased Its portfolio allocation in AVNT has increased by 5.88% over the previous quarter.
IJH – iShares Core S&P Mid-Cap ETF The company holds 2,640K shares representing 2.90% ownership. In its prior filing, the firm reported representing 2,495K shares. a hike of 5.50%. Firm increased Its portfolio allocation in AVNT has increased by 2.91% as compared to the previous quarter.
Avient background information
(This description is provided by the company.)
Avient Corporation, with pro forma revenue of $3.8 billion in 2020, provides specialized and sustainable materials solutions that turn customer challenges into opportunities, bringing to life new products for a better world.
This story originally appeared on fintail,
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