Avient Announces Fourteenth Consecutive Annual Dividend Increase

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Oct 09, 2024, 17:40 ET

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/.

SOURCE Avient Corporation