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.
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.
ILLEGAL ACTIVITY NOTICE: This news story was reported by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.com-unik.info/2018/02/09/materion-corp-mtrn-plans-quarterly-dividend-of-0-10.html.
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.
Receive News & Ratings for Materion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion and related companies with MarketBeat.com's FREE daily email newsletter.