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

Materion Co. (NYSE:MTRN) announced a quarterly dividend on Wednesday, October 23rd, NASDAQ reports. Investors 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 yield of 0.52%. The ex-dividend date of this dividend is Thursday, November 14th.

Materion has increased its dividend by an average of 4.2% per year over the last three years and has raised its dividend every year for the last 12 years. Materion has a dividend payout ratio of 8.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Materion to earn $6.51 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 8.3%.

Materion Stock Performance

Shares of MTRN stock opened at $104.33 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 3.25. Materion has a fifty-two week low of $93.67 and a fifty-two week high of $145.08. The stock has a 50 day moving average price of $108.07 and a two-hundred day moving average price of $111.53. The company has a market capitalization of $2.16 billion, a P/E ratio of 26.15 and a beta of 1.17.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The business had revenue of $425.87 million for the quarter, compared to analyst estimates of $424.02 million. Materion had a net margin of 4.80% and a return on equity of 12.20%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 EPS. Analysts expect that Materion will post 5.25 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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.