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

Materion Co. (NYSE:MTRNGet Free Report) announced a quarterly dividend on Thursday, May 9th, Zacks reports. Investors of record on Thursday, May 23rd will be paid a dividend of 0.135 per share by the basic materials company on Friday, June 7th. This represents a $0.54 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, May 22nd. This is an increase from Materion’s previous quarterly dividend of $0.13.

Materion has raised its dividend by an average of 4.2% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Materion has a payout ratio of 7.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Materion to earn $7.21 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 7.5%.

Materion Price Performance

NYSE MTRN opened at $117.00 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.91 and a quick ratio of 1.07. Materion has a 1-year low of $92.23 and a 1-year high of $145.08. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 29.32 and a beta of 1.17. The business’s fifty day moving average price is $122.82 and its 200-day moving average price is $121.91.

Materion (NYSE:MTRNGet Free Report) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). Materion had a net margin of 5.19% and a return on equity of 12.32%. The firm had revenue of $385.29 million during the quarter, compared to the consensus estimate of $386.84 million. During the same period in the prior year, the company posted $1.34 EPS. The firm’s revenue was down 12.9% compared to the same quarter last year. On average, equities analysts predict that Materion will post 5.86 earnings per share for the current year.

Insider Activity at Materion

In other Materion news, CFO Shelly Marie Chadwick sold 2,000 shares of Materion stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $132.60, for a total transaction of $265,200.00. Following the transaction, the chief financial officer now owns 13,147 shares of the company’s stock, valued at $1,743,292.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Gregory R. Chemnitz sold 3,000 shares of Materion stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $133.74, for a total transaction of $401,220.00. Following the sale, the vice president now owns 14,510 shares of the company’s stock, valued at approximately $1,940,567.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shelly Marie Chadwick sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $132.60, for a total value of $265,200.00. Following the completion of the transaction, the chief financial officer now owns 13,147 shares of the company’s stock, valued at $1,743,292.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,152 shares of company stock worth $1,021,903. 2.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, KeyCorp reduced their target price on shares of Materion from $156.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, May 10th.

Get Our Latest Stock Analysis on MTRN

About Materion

(Get Free Report)

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.

Recommended Stories

Dividend History for Materion (NYSE:MTRN)

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.