Materion Corp (MTRN) Plans Quarterly Dividend of $0.10

Materion Corp (NYSE:MTRN) declared a quarterly dividend on Friday, February 9th, Wall Street Journal reports. Investors of record on Wednesday, February 21st will be paid a dividend of 0.10 per share by the basic materials company on Wednesday, March 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, February 20th.

Materion has raised its dividend payment by an average of 5.6% annually over the last three years and has raised its dividend every year for the last 5 years. Materion has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Materion to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 20.0%.

Shares of Materion (NYSE:MTRN) traded up $0.40 during midday trading on Friday, hitting $45.95. 137,026 shares of the company traded hands, compared to its average volume of 131,840. Materion has a one year low of $31.05 and a one year high of $53.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 1.48. The stock has a market capitalization of $949.06, a PE ratio of 35.35 and a beta of 1.06.

In other Materion news, Director Richard J. Hipple sold 8,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $49.76, for a total value of $398,080.00. Following the sale, the director now owns 43,224 shares in the company, valued at $2,150,826.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard J. Hipple sold 4,364 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $49.64, for a total transaction of $216,628.96. Following the completion of the sale, the director now owns 37,760 shares in the company, valued at approximately $1,874,406.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,344 shares of company stock worth $1,378,282. Corporate insiders own 2.90% of the company’s stock.

Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Materion from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 12th. BidaskClub upgraded shares of Materion from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Jefferies Group reiterated a “hold” rating and set a $46.00 price target on shares of Materion in a research report on Tuesday, January 9th. KeyCorp reiterated a “hold” rating on shares of Materion in a research report on Monday, November 13th. Finally, ValuEngine cut shares of Materion from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $51.00.

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Materion Company Profile

Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.

Dividend History for Materion (NYSE:MTRN)

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