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

Materion Co. (NYSE:MTRN) announced a quarterly dividend on Wednesday, October 23rd,NASDAQ Dividends reports. Stockholders of record on Thursday, November 14th will be paid 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 dividend yield of 0.45%. The ex-dividend date is Thursday, November 14th.

Materion has raised its dividend payment by an average of 4.2% per year over the last three years and has increased its dividend every year for the last 12 years. Materion has a dividend payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Materion to earn $6.39 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 8.5%.

Materion Stock Performance

NYSE:MTRN opened at $120.20 on Tuesday. The firm has a market capitalization of $2.49 billion, a PE ratio of 33.86 and a beta of 1.19. 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 $96.18 and a 12-month high of $145.08. The firm has a 50-day moving average price of $106.79 and a 200 day moving average price of $110.34.

Materion (NYSE:MTRN) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41. The business had revenue of $436.70 million during the quarter, compared to analysts’ expectations of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. Materion’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. Research analysts anticipate that Materion will post 5.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Materion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th.

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.