Avient Announces Fourteenth Consecutive Annual Dividend Increase

Rhea-AI Summary

Avient (NYSE: AVNT) has announced its fourteenth consecutive annual dividend increase. The Board of Directors has declared a quarterly cash dividend of $0.27 per share on the common stock outstanding, payable on January 8, 2025, to stockholders of record on December 13, 2024. This represents an approximate 5% increase on an annualized basis, raising the dividend from $1.03 to $1.08 per share.

Dr. Ashish Khandpur, President and CEO of Avient, expressed satisfaction with the dividend increase, emphasizing the company's commitment to raising dividends in line with earnings growth and returning cash to shareholders through a disciplined capital allocation strategy.

Positive

• Fourteenth consecutive annual dividend increase
• 5% increase in annual dividend from $1.03 to $1.08 per share
• Commitment to returning cash to shareholders
• Dividend growth aligned with underlying earnings growth

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• None.

CLEVELAND, Oct. 9, 2024 /PRNewswire/ -- The Board of Directors of Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable materials solutions, has declared a quarterly cash dividend of twenty-seven cents ($0.27) per share on the common stock outstanding, representing the fourteenth consecutive annual increase.

The $0.27 per share will be paid on January 8, 2025, to stockholders of record on December 13, 2024. On an annualized basis, the dividend will increase approximately 5%, from $1.03 to $1.08 per share on the common stock outstanding.

"We are pleased to raise our dividend for the fourteenth consecutive year," said Dr. Ashish Khandpur, President and Chief Executive Officer, Avient Corporation. "We remain committed to our history of increasing the dividend with underlying earnings growth and returning cash to shareholders through our disciplined capital allocation strategy."

About Avient

Avient Corporation (NYSE: AVNT) provides specialized and sustainable materials solutions that transform customer challenges into opportunities, bringing new products to life for a better world. Examples include:

• Dyneema®, the world's strongest fiber™, enables unmatched levels of performance and protection for end-use applications, including ballistic personal protection, marine and sustainable infrastructure and outdoor sports
• Unique technologies that improve the recyclability of products and enable recycled content to be incorporated, thus advancing a more circular economy
• Light-weighting solutions that replace heavier traditional materials like metal, glass and wood, which can improve fuel efficiency in all modes of transportation and reduce carbon footprint
• Sustainable infrastructure solutions that increase energy efficiency, renewable energy, natural resource conservation and fiber optic / 5G network accessibility

Avient is certified ACC Responsible Care®, a founding member of the Alliance to End Plastic Waste and certified Great Place to Work®. For more information, visit www.avient.com/.

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SOURCE Avient Corporation

FAQ

What is Avient's new quarterly dividend amount for 2025?

Avient's new quarterly dividend amount for 2025 is $0.27 per share on the common stock outstanding.

When will Avient (AVNT) pay its next dividend?

Avient (AVNT) will pay its next dividend on January 8, 2025, to stockholders of record on December 13, 2024.

How much has Avient increased its annual dividend for 2025?

Avient has increased its annual dividend by approximately 5%, from $1.03 to $1.08 per share for 2025.

For how many consecutive years has Avient (AVNT) increased its dividend?

Avient (AVNT) has increased its dividend for fourteen consecutive years.