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Why Avient (AVNT) is a Great Dividend Stock Right Now
ZACKS· 2024-09-11 16:45
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that ...
Avient Prices $650 Million Senior Notes Offering Due 2031
ZACKS· 2024-09-06 16:46
Avient Corporation (AVNT) announced the pricing of its previously-disclosed offering of $650 million in total principal amount of senior notes due 2031. These notes, exempt from registration under the Securities Act of 1933, will carry an interest rate of 6.25% annually and be issued at 100% of their principal value. The transaction is expected to close on Sept. 19, 2024, pending customary closing conditions.AVNT plans to use the proceeds from this offering, along with existing cash, to fully redeem its out ...
Avient Announces Pricing of $650 Million 6.250% Senior Notes due 2031
Prnewswire· 2024-09-05 21:25
CLEVELAND, Sept. 5, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT) ("Avient") today announced the pricing of its previously announced offering of $650 million in aggregate principal amount of senior notes due 2031 (the "notes") in an offering exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The notes will bear interest at an annual rate of 6.250% and will be issued at a price of 100.000% of their principal amount. The closing of the notes offering is expe ...
Avient Announces Commencement of $650 Million Senior Notes Offering
Prnewswire· 2024-09-05 11:45
CLEVELAND, Sept. 5, 2024 /PRNewswire/ -- Avient Corporation (NYSE: AVNT) ("Avient") today announced the commencement of an offering of $650 million in aggregate principal amount of senior notes due 2031 (the "notes") in an offering exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act").Avient intends to use the net proceeds from the offering, together with cash on hand, to redeem all of its outstanding 5.75% senior notes due 2025 (the "2025 senior notes") and pay rela ...
Avient's Shares Scale Fresh 52-week High: What's Driving the Stock?
ZACKS· 2024-08-27 16:01
Avient Corporation’s (AVNT) shares reached a fresh 52-week high of $49.42 on Aug. 26 before closing at $48.64.In the past year, the stock has appreciated 26% against the industry’s 6.8% decline in the same period.Image Source: Zacks Investment ResearchWhat’s Driving Avient?Avient is optimistic about sustaining its strong momentum from the second quarter throughout the rest of 2024. The company remains committed to its growth strategy, focusing on delivering innovative materials and processing solutions that ...
Avient (AVNT) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2024-08-09 16:47
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, ...
Avient (AVNT) - 2024 Q2 - Quarterly Report
2024-08-06 20:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-Q ________________________________________________ (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | --- | --- | |----------------------------------------------------------------------|------ ...
Avient (AVNT) - 2024 Q2 - Earnings Call Transcript
2024-08-06 17:52
Avient Corporation (NYSE:AVNT) Q2 2024 Earnings Conference Call August 6, 2024 8:00 AM ET Company Participants Joe Di Salvo - Vice President, Treasurer and Investor Relations Ashish Khandpur - President and Chief Executive Officer Jamie Beggs - Senior Vice President and Chief Financial Officer Conference Call Participants Mike Harrison - Seaport Research Partners Frank Mitsch - Fermium Research LLC Michael Sison - Wells Fargo David Huang - Deutsche Bank Turner Hinrichs - Morgan Stanley Operator Good morning ...
Avient (AVNT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-08-06 14:36
For the quarter ended June 2024, Avient (AVNT) reported revenue of $849.7 million, up 3.1% over the same period last year. EPS came in at $0.76, compared to $0.63 in the year-ago quarter.The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $841.18 million. With the consensus EPS estimate being $0.72, the EPS surprise was +5.56%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...
Avient (AVNT) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2024-08-06 12:25
Avient (AVNT) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.56%. A quarter ago, it was expected that this maker of resins used in plastic pipe and other products would post earnings of $0.69 per share when it actually produced earnings of $0.76, delivering a surprise of 10.14%.Ove ...