Materion Co. (MTRN) to Issue Quarterly Dividend of $0.14 on March 7th

Materion Co. (NYSE:MTRN) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders 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 dividend yield of 0.56%. The ex-dividend date is Thursday, February 20th.

Materion has raised its dividend 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% 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 Down 2.3 %

Shares of Materion stock opened at $96.83 on Tuesday. The stock’s fifty day moving average is $100.95 and its 200-day moving average is $106.90. The firm has a market capitalization of $2.01 billion, a PE ratio of 27.28 and a beta of 1.23. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51. Materion has a 12-month low of $93.20 and a 12-month high of $145.08.

Insider Transactions at Materion

In other news, CFO Shelly Marie Chadwick sold 1,000 shares of the business’s stock in a transaction on 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 $1,530,144. The trade was a 7.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by insiders.

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.