Materion Co. (NYSE:MTRN) Plans Quarterly Dividend of $0.14

Materion Co. (NYSE:MTRN) declared a quarterly dividend on Wednesday, October 23rd, NASDAQ reports. Stockholders 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 dividend on an annualized basis 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% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Materion has a dividend payout ratio of 8.1% meaning its dividend is sufficiently covered by earnings. 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

Shares of Materion stock traded up $0.75 during midday trading on Thursday, hitting $104.33. The company had a trading volume of 85,162 shares, compared to its average volume of 99,323. The business’s 50 day simple moving average is $108.27 and its two-hundred day simple moving average is $111.58. The stock has a market cap of $2.16 billion, a PE ratio of 25.96 and a beta of 1.17. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.25 and a quick ratio of 1.21. Materion has a 1-year low of $93.67 and a 1-year high of $145.08.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Monday, August 5th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.03. The business had revenue of $425.87 million for the quarter, compared to the consensus estimate of $424.02 million. Materion had a net margin of 4.80% and a return on equity of 12.20%. Materion’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $1.38 earnings per share. As a group, equities analysts predict that Materion will post 5.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Materion Company Profile

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.