Materion Corporation (MTRN) To Go Ex-Dividend on February 19th

Materion Corporation (NYSE:MTRN) announced a quarterly dividend on Wednesday, January 28th. Stockholders of record on Thursday, February 19th will be paid a dividend of 0.14 per share by the basic materials company on Friday, March 6th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, February 19th.

Materion has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 13 years. Materion has a dividend payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Materion to earn $7.05 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 7.9%.

Materion Stock Up 4.8%

NYSE:MTRN opened at $141.74 on Friday. The business’s fifty day moving average price is $130.72 and its 200 day moving average price is $119.53. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 149.19 and a beta of 0.86. The company has a current ratio of 3.29, a quick ratio of 1.31 and a debt-to-equity ratio of 0.49. Materion has a 1-year low of $69.10 and a 1-year high of $152.99.

Materion (NYSE:MTRN) last released its earnings results on Wednesday, October 29th. The basic materials company reported $1.41 earnings per share for the quarter, meeting the consensus estimate of $1.41. The company had revenue of $444.81 million for the quarter, compared to analysts’ expectations of $444.43 million. Materion had a return on equity of 12.66% and a net margin of 1.12%.The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.41 EPS. On average, sell-side analysts forecast that Materion will post 5.5 earnings per share for the current fiscal year.

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.