Avient (US:AVNT) ZACKSยท2024-09-11 16:45Company Overview - Avient (AVNT) is headquartered in Avon Lake and operates in the Basic Materials sector [2] - The stock has experienced a price change of 8.25% since the beginning of the year [2] Dividend Information - Avient currently pays a dividend of $0.26 per share, resulting in a dividend yield of 2.29%, which is higher than the Chemical - Diversified industry's yield of 1.92% and the S&P 500's yield of 1.58% [2] - The annualized dividend of $1.03 represents a 3% increase from the previous year [2] - Over the last 5 years, Avient has increased its dividend 5 times, averaging an annual increase of 6.56% [2] - The current payout ratio is 39%, indicating that Avient paid out 39% of its trailing 12-month EPS as dividends [2] Earnings Growth - The Zacks Consensus Estimate for Avient's earnings in 2024 is $2.65 per share, reflecting a year-over-year earnings growth rate of 12.29% [3] Investment Perspective - Dividends are favored by investors for various reasons, including tax advantages and risk reduction [4] - Established firms with secure profits are typically viewed as the best dividend options, while high-growth businesses rarely offer dividends [4] - Avient is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [4]