Materion Corporation (MTRN) to Issue Quarterly Dividend of $0.15 on June 12th

Materion Corporation (NYSE:MTRN) announced a quarterly dividend on Thursday, May 7th. Investors of record on Thursday, May 28th will be paid a dividend of 0.145 per share by the basic materials company on Friday, June 12th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, May 28th. This is a 3.6% increase from Materion’s previous quarterly dividend of $0.14.

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 9.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Materion to earn $7.72 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 7.5%.

Materion Stock Performance

NYSE:MTRN opened at $215.47 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.04 and a quick ratio of 1.32. Materion has a 1-year low of $73.61 and a 1-year high of $217.91. The firm has a 50-day moving average of $171.74 and a two-hundred day moving average of $148.42. The stock has a market cap of $4.48 billion, a P/E ratio of 58.87 and a beta of 1.03.

Materion (NYSE:MTRN) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.24 by $0.03. Materion had a net margin of 3.99% and a return on equity of 12.45%. The business had revenue of $261.79 million for the quarter, compared to analysts’ expectations of $479.03 million. During the same quarter last year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 30.8% compared to the same quarter last year. Materion has set its FY 2026 guidance at 6.000-6.50 EPS. On average, research analysts expect that Materion will post 6.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MTRN has been the topic of several research analyst reports. KeyCorp increased their price target on shares of Materion from $185.00 to $223.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th. Robert W. Baird initiated coverage on shares of Materion in a research report on Wednesday, April 1st. They set an “outperform” rating on the stock. Wall Street Zen cut shares of Materion from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Materion in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $223.00.

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.