Materion Corporation (MTRN) to Issue Quarterly Dividend of $0.14 on September 4th

Materion Corporation (NYSE:MTRN) declared a quarterly dividend on Monday, July 27th. Stockholders of record on Thursday, August 20th will be given a dividend of 0.145 per share by the basic materials company on Friday, September 4th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 20th.

Materion has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Materion has a payout ratio of 9.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Materion to earn $7.58 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 7.7%.

Materion Price Performance

Shares of MTRN stock opened at $208.85 on Wednesday. The stock has a 50 day moving average price of $246.95 and a 200 day moving average price of $189.54. Materion has a 52-week low of $91.62 and a 52-week high of $298.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 3.04. The firm has a market capitalization of $4.34 billion, a P/E ratio of 57.06 and a beta of 1.03.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. The company had revenue of $261.79 million during the quarter, compared to analyst estimates of $479.03 million. Materion had a net margin of 3.99% and a return on equity of 12.45%. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. As a group, sell-side analysts predict that Materion will post 6.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MTRN. Robert W. Baird started coverage on shares of Materion in a research report on Wednesday, April 1st. They set an “outperform” rating on the stock. Weiss Ratings upgraded Materion from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Finally, KeyCorp raised their price objective on Materion from $223.00 to $237.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $237.00.

Materion Company Profile

Materion Corporation (NYSE: MTRN) is a global supplier of advanced materials and precision-engineered solutions. The company develops and manufactures high-performance alloys, engineered clad and composite materials, precision thin film products, and advanced optical and electronic materials. Materion’s offerings address critical performance requirements for industries where material properties such as strength, wear resistance, conductivity and optical clarity are paramount.

Materion’s core businesses include beryllium and beryllium composites for aerospace and defense platforms, nickel- and copper-based specialty alloys for industrial and medical applications, optical coatings and substrates for scientific instrumentation, and electronic materials used in semiconductor production.