Neo Performance Materials Inc. to Issue Quarterly Dividend of $0.10 (TSE:NEO)

Neo Performance Materials Inc. (TSE:NEO) declared a quarterly dividend on Tuesday, December 17th,TickerTech Dividends reports. Investors of record on Friday, December 27th will be given a dividend of 0.10 per share on Friday, December 27th. This represents a $0.40 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend is Tuesday, December 17th.

Neo Performance Materials Stock Down 2.0 %

Neo Performance Materials stock opened at C$8.27 on Friday. The company has a debt-to-equity ratio of 13.02, a current ratio of 3.31 and a quick ratio of 1.92. Neo Performance Materials has a fifty-two week low of C$5.50 and a fifty-two week high of C$8.81. The company’s 50 day simple moving average is C$8.07 and its 200 day simple moving average is C$7.91. The firm has a market capitalization of C$345.27 million, a price-to-earnings ratio of 91.89 and a beta of 1.38.

Analyst Ratings Changes

NEO has been the topic of a number of research reports. Cormark lifted their price target on shares of Neo Performance Materials from C$12.00 to C$12.50 in a research note on Wednesday, August 21st. Stifel Nicolaus lifted their price target on shares of Neo Performance Materials from C$14.50 to C$15.00 and gave the company a “buy” rating in a research note on Thursday, October 17th.

Neo Performance Materials Company Profile

Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.