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

Materion Co. (NYSE:MTRN - Get Free Report) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors of record on Thursday, February 20th will be given a dividend of 0.135 per share by the basic materials company on Friday, March 7th. This represents a $0.54 annualized dividend and a yield of 0.53%.

Materion has increased its dividend by an average of 4.0% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Materion has a payout ratio of 7.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Materion to earn $5.96 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 9.1%.

Materion Stock Performance

MTRN traded down $0.74 on Wednesday, hitting $101.68. 77,680 shares of the company traded hands, compared to its average volume of 79,354. The stock has a market capitalization of $2.11 billion, a PE ratio of 28.64 and a beta of 1.24. The company has a quick ratio of 1.26, a current ratio of 3.15 and a debt-to-equity ratio of 0.51. Materion has a 12-month low of $93.20 and a 12-month high of $145.08. The company has a 50 day moving average of $105.18 and a 200-day moving average of $108.65.

Materion (NYSE:MTRN - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.41. The firm had revenue of $436.70 million during the quarter, compared to analysts' expectations of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. Materion's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.39 earnings per share. Sell-side analysts anticipate that Materion will post 5.22 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Gregory R. Chemnitz sold 2,000 shares of Materion stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $117.57, for a total transaction of $235,140.00. Following the completion of the transaction, the vice president now owns 12,031 shares of the company's stock, valued at $1,414,484.67. The trade was a 14.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $115.92, for a total transaction of $115,920.00. Following the completion of the sale, the chief financial officer now directly owns 13,200 shares in the company, valued at approximately $1,530,144. The trade was a 7.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

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.

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