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NEW YORK ( TheStreet) -- The ex-dividend date for Materion (NYSE: MTRN) is tomorrow, May 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $24.02 as of 9:31 a.m. ET, the dividend yield is 1.2%. The average volume for Materion has been 165,900 shares per day over the past 30 days. Materion has a market cap of $492.8 million and is part of the basic materials sector and metals & mining industry. Shares are down 1.2% year to date as of the close of trading on Monday. Materion Corporation, through its subsidiaries, produces and sells engineered materials for use in various electrical, electronic, thermal, and structural applications primarily in the United States, Europe, and Asia.