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

Materion Co. (NYSE:MTRN) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors of record on Thursday, February 20th will be paid 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 payment by an average of 4.0% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Materion has a dividend payout ratio of 7.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.7 %

Shares of NYSE MTRN traded down $0.74 during trading on Wednesday, hitting $101.68. 77,680 shares of the company traded hands, compared to its average volume of 79,354. The firm has a market capitalization of $2.11 billion, a P/E 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. The company has a 50-day moving average price of $105.18 and a 200-day moving average price of $108.65. Materion has a 1 year low of $93.20 and a 1 year high of $145.08.

Materion (NYSE:MTRN) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41. The company had revenue of $436.70 million during the quarter, compared to analyst estimates of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share. On average, equities analysts predict that Materion will post 5.22 EPS for the current year.

Insider Buying and Selling

In other news, CFO Shelly Marie Chadwick sold 1,000 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $115.92, for a total value of $115,920.00. Following the completion of the sale, the chief financial officer now owns 13,200 shares in the company, valued at approximately $1,530,144. This trade represents a 7.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gregory R. Chemnitz sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $117.57, for a total value of $235,140.00. Following the transaction, the vice president now directly owns 12,031 shares in the company, valued at $1,414,484.67. This trade represents a 14.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

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.