We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Materion Corporation | NYSE:MTRN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
3.58 | 3.10% | 118.94 | 119.70 | 116.32 | 116.86 | 177,627 | 00:19:21 |
Materion Corporation (NYSE-MTRN) announced today that its Board of Directors declared a second quarter 2017 dividend of $0.10 per share of common stock, an increase of $0.005 per share, or approximately 5%. The dividend is payable on June 2, 2017 to shareholders of record at the close of business on May 17, 2017.
Jugal Vijayvargiya, President and CEO, stated, “The dividend increase reflects our fifth consecutive annual increase and continuing confidence in the strength of our business, its prospects for long-term growth and our ability to generate cash sufficient to continue to grow the business organically as well as through acquisitions while returning cash to our shareholders.”
On an annualized basis, the amount of the dividend is $0.40 per share and equates to a yield of approximately 1% based on the Materion common stock price at the close of trading on May 1, 2017. The dividend represents a quarterly cash payout of approximately $2.0 million, or $7.9 million on an annualized basis. Subject to a continuing strong capital position and a determination that cash dividends continue to be in the best interest of shareholders, Materion intends to pay a quarterly dividend on an ongoing basis.
FORWARD-LOOKING STATEMENTS
Portions of the narrative set forth in this document that are not statements of historical or current facts are forward-looking statements, in particular, the outlook provided above. Our actual future performance may materially differ from that contemplated by the forward-looking statements as a result of a variety of factors.
These factors include, in addition to those mentioned elsewhere herein:
Materion Corporation is headquartered in Mayfield Heights, Ohio. The Company, through its wholly owned subsidiaries, supplies highly engineered advanced enabling materials to global markets. Products include precious and non-precious specialty metals, inorganic chemicals and powders, specialty coatings, specialty engineered beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170503006055/en/
Materion CorporationInvestor Contact:Stephen F. Shamrock, 216-383-6823stephen.shamrock@materion.comorMedia Contact:Patrick S. Carpenter, 216-383-6835patrick.carpenter@materion.comorhttp://www.materion.comMayfield Hts-g
1 Year Materion Chart |
1 Month Materion Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions