Avient Increases Dividend to $0.275, Boosting Yield to 3.5%

Avient Corporation (NYSE:AVNT) has announced a 1.9% increase in its dividend to $0.275, taking the yield to 3.5%. The company's projected earnings are expected to cover future distributions, with a payout ratio of 47% forecast for the next year. Avient has a solid dividend track record, with a compound annual growth rate of 10% since 2015. However, the company's earnings growth of 4.6% over the past five years may not support significant dividend growth.