Materion Co. (MTRN) to Issue Quarterly Dividend of $0.14 on December 6th

Materion Co. (NYSE:MTRN) announced a quarterly dividend on Wednesday, October 23rd, NASDAQ reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.135 per share by the basic materials company on Friday, December 6th. This represents a $0.54 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Thursday, November 14th.

Materion has increased its dividend payment by an average of 4.2% per year over the last three years and has increased its dividend every year for the last 12 years. Materion has a dividend payout ratio of 8.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Materion to earn $6.51 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 8.3%.

Materion Stock Performance

NYSE:MTRN opened at $104.33 on Friday. Materion has a 52-week low of $93.67 and a 52-week high of $145.08. The business’s fifty day moving average is $108.07 and its 200 day moving average is $111.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 3.25. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 26.15 and a beta of 1.17.

Materion (NYSE:MTRN) last released its quarterly earnings data on Monday, August 5th. The basic materials company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. Materion had a net margin of 4.80% and a return on equity of 12.20%. The company had revenue of $425.87 million during the quarter, compared to analyst estimates of $424.02 million. During the same period last year, the business earned $1.38 earnings per share. Materion’s revenue was up 6.9% compared to the same quarter last year. Research analysts predict that Materion will post 5.25 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Materion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th.

About Materion

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.