Materion Corporation Increases Quarterly Cash Dividend
07 May 2021 - 6:05AM
Business Wire
Materion Corporation (NYSE-MTRN) announced today that its Board
of Directors declared a second quarter 2021 dividend of $0.12 per
share of common stock, an increase of $0.005 per share, or
approximately 5%. The dividend is payable on June 11, 2021 to
shareholders of record at the close of business on May 27,
2021.
Jugal Vijayvargiya, President and CEO, stated, “The dividend
increase reflects our ninth consecutive annual increase, reflecting
our strong financial position and commitment to providing long-term
value for our shareholders while continuing to invest in business
growth initiatives.”
On an annualized basis, the amount of the dividend is $0.48 per
share and equates to a yield of approximately 1% based on the
Materion common stock price at the close of trading on May 5, 2021.
The dividend represents a quarterly cash payout of approximately
$2.4 million, or $9.8 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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210506006120/en/
Investor Contact: Andrew Vento (216) 383-4098
andrew.vento@materion.com
Media Contact: John G. McCloskey (216) 383-6835
john.mccloskey@materion.com
https://materion.com Mayfield Hts-g
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