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

Materion Co. (NYSE:MTRN) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors of record on Thursday, February 20th will be given a dividend of 0.135 per share by the basic materials company on Friday, March 7th. This represents a $0.54 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, February 20th.

Materion has increased its dividend payment by an average of 4.0% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Materion has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Materion to earn $5.96 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 9.1%.

Materion Stock Down 2.3 %

NYSE:MTRN opened at $96.83 on Tuesday. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 27.28 and a beta of 1.23. Materion has a 1-year low of $93.20 and a 1-year high of $145.08. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. The business’s fifty day moving average price is $100.95 and its 200 day moving average price is $106.90.

Insider Activity at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 805 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $101.24, for a total value of $81,498.20. Following the transaction, the chief financial officer now owns 14,632 shares in the company, valued at $1,481,343.68. The trade was a 5.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is owned by insiders.

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.