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