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

Materion Co. (NYSE:MTRN) announced a quarterly dividend on Thursday, August 8th, NASDAQ reports. Stockholders of record on Friday, August 23rd will be given a dividend of 0.135 per share by the basic materials company on Friday, September 6th. This represents a $0.54 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, August 23rd.

Materion has increased its dividend payment by an average of 4.2% annually over the last three years and has increased its dividend every year for the last 12 years. Materion has a dividend payout ratio of 7.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Materion to earn $7.22 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 Stock Performance

Shares of MTRN stock opened at $115.81 on Thursday. The stock has a market capitalization of $2.40 billion, a PE ratio of 29.03 and a beta of 1.19. Materion has a 52-week low of $92.23 and a 52-week high of $145.08. The stock’s 50-day moving average price is $111.29 and its 200 day moving average price is $118.67. The company has a quick ratio of 1.07, a current ratio of 2.91 and a debt-to-equity ratio of 0.50.

Materion (NYSE:MTRN) last released its earnings results on Monday, August 5th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.03. Materion had a return on equity of 12.32% and a net margin of 5.19%. The company had revenue of $425.87 million for the quarter, compared to analysts’ expectations of $424.02 million. During the same quarter in the previous year, the firm posted $1.38 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts forecast that Materion will post 5.75 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com upgraded Materion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. KeyCorp lowered their target price on Materion from $156.00 to $152.00 and set an “overweight” rating on the stock in a report on Friday, May 10th.

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.