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

Materion Co. (NYSE:MTRN) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Thursday, February 20th.

Materion has raised its dividend payment by an average of 4.0% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Materion has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. 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 Performance

MTRN opened at $102.04 on Friday. The company has a market cap of $2.12 billion, a P/E ratio of 28.74 and a beta of 1.24. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $104.75 and its 200-day moving average price is $108.56. Materion has a 52-week low of $93.20 and a 52-week high of $145.08.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.41. The business had revenue of $436.70 million for the quarter, compared to analyst estimates of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. Materion’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.39 EPS. As a group, equities analysts anticipate that Materion will post 5.22 EPS for the current fiscal year.

Insider Activity at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 1,000 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $115.92, for a total transaction of $115,920.00. Following the sale, the chief financial officer now directly owns 13,200 shares of the company’s stock, valued at approximately $1,530,144. This trade represents a 7.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $117.57, for a total value of $235,140.00. Following the completion of the transaction, the vice president now directly owns 12,031 shares of the company’s stock, valued at approximately $1,414,484.67. This trade represents a 14.25 % decrease in their position. The disclosure for this sale can be found here. 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.