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

Materion Co. (NYSE:MTRN) declared a quarterly dividend on Wednesday, October 23rd, NASDAQ reports. Investors 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 yield of 0.52%. The ex-dividend date of this dividend 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 every year for the last 12 years. Materion has a payout ratio of 8.1% meaning 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 Trading Up 0.7 %

MTRN traded up $0.75 during trading on Thursday, hitting $104.33. 85,162 shares of the company’s stock were exchanged, compared to its average volume of 99,323. The stock has a 50 day moving average price of $108.27 and a 200 day moving average price of $111.58. Materion has a 1 year low of $93.67 and a 1 year high of $145.08. The company has a current ratio of 3.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.16 billion, a P/E ratio of 25.96 and a beta of 1.17.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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.