Materion Corporation (MTRN) to Issue Quarterly Dividend of $0.14 on December 5th

Materion Corporation (NYSE:MTRN) announced a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Thursday, November 13th will be paid a dividend of 0.14 per share by the basic materials company on Friday, December 5th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, November 13th.

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 Trading Up 2.0%

Shares of NYSE MTRN opened at $131.75 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.25 and a current ratio of 3.17. The business’s 50 day moving average price is $118.30 and its 200-day moving average price is $96.26. Materion has a fifty-two week low of $69.10 and a fifty-two week high of $134.51. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 164.69 and a beta of 0.91.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, March 22nd. The basic materials company reported $1.03 earnings per share for the quarter. Materion had a return on equity of 12.69% and a net margin of 0.94%.The firm had revenue of $230.20 million for the quarter. On average, sell-side analysts expect that Materion will post 5.5 earnings per share for the current year.

Analyst Ratings Changes

MTRN has been the topic of several recent analyst reports. KeyCorp increased their price target on Materion from $115.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Zacks Research downgraded Materion from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Wall Street Zen upgraded Materion from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Materion in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Materion currently has a consensus rating of “Hold” and an average target price of $117.00.

About Materion

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.