Materion Corp (NYSE:MTRN) declared a quarterly dividend on Monday, August 5th, NASDAQ reports. Stockholders of record on Wednesday, August 21st will be paid a dividend of 0.11 per share by the basic materials company on Thursday, September 5th. This represents a $0.44 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, August 20th.
Materion has increased its dividend by an average of 5.3% per year over the last three years and has raised its dividend every year for the last 6 years. Materion has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Materion to earn $3.51 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 12.5%.
Shares of MTRN opened at $59.12 on Monday. The company has a market capitalization of $1.18 billion, a P/E ratio of 24.84 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.63 and a quick ratio of 1.93. Materion has a one year low of $42.50 and a one year high of $71.97. The business’s 50 day simple moving average is $62.72 and its 200-day simple moving average is $60.35.
Materion (NYSE:MTRN) last posted its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. Materion had a return on equity of 11.08% and a net margin of 2.64%. The firm had revenue of $297.84 million for the quarter, compared to the consensus estimate of $306.43 million. During the same quarter in the prior year, the business earned $0.54 EPS. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Materion will post 3.29 EPS for the current fiscal year.
MTRN has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Materion from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a research report on Wednesday, July 31st. ValuEngine cut shares of Materion from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th.
In other Materion news, Director Craig S. Shular sold 4,127 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $63.08, for a total transaction of $260,331.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company’s stock.
Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, commercial aerospace, science, services, and appliance markets worldwide. The company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
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