Materion Corp. Announces Quarterly Dividend of $0.08 (MTRN)
Materion Corp. (NYSE:MTRN) announced a quarterly dividend on Wednesday, February 5th, American Banking News reports. Investors of record on Thursday, February 20th will be paid a dividend of 0.08 per share on Thursday, March 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.25%.
On a related note, analysts at Zacks upgraded shares of Materion Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, December 9th. They now have a $28.50 price target on the stock.
Materion Corp. (NYSE:MTRN) traded up 0.47% during mid-day trading on Wednesday, hitting $25.67. The stock had a trading volume of 26,953 shares. Materion Corp. has a 52 week low of $24.58 and a 52 week high of $33.69. The stock’s 50-day moving average is $28.77 and its 200-day moving average is $29.65. The company has a market cap of $529.3 million and a price-to-earnings ratio of 23.68.
Materion Corporation, formerly Brush Engineered Materials Inc, is a holding Company. The Company, through its wholly owned subsidiaries, is an integrated producer of advanced engineered materials used in a variety of electrical, electronic, thermal and structural applications.
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