Materion Corporation (NYSE:MTRN) Announces Quarterly Dividend of $0.14

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

Materion has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 13 years. Materion has a payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. 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 Performance

Materion stock traded up $6.21 on Thursday, hitting $141.43. The company’s stock had a trading volume of 56,451 shares, compared to its average volume of 161,284. Materion has a one year low of $69.10 and a one year high of $152.99. The firm has a market cap of $2.93 billion, a P/E ratio of 148.88 and a beta of 0.86. The company has a quick ratio of 1.31, a current ratio of 3.29 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $130.16 and a 200-day moving average price of $119.37.

Materion (NYSE:MTRN) last released its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $1.41 EPS for the quarter, hitting analysts’ consensus estimates of $1.41. The company had revenue of $444.81 million during the quarter, compared to the consensus estimate of $444.43 million. Materion had a net margin of 1.12% and a return on equity of 12.66%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $1.41 EPS. On average, equities analysts anticipate that Materion will post 5.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MTRN. KeyCorp set a $161.00 price objective on Materion and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Wall Street Zen lowered shares of Materion from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Materion in a report on Thursday, January 22nd. Finally, Zacks Research lowered shares of Materion from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $161.00.

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.