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., the dividend yield is 1.2%.
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.
TheStreet Ratings rates Materion as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Materion Ratings Report. See our dividend calendar or top-yielding stocks list.
Looking at the universe of stocks we cover at Dividend Channel, on 2/17/15, Materion Corp will trade ex-dividend, for its quarterly dividend of $0.085, payable on 3/3/15. As a percentage of MTRN's recent stock price of $37.16, this dividend works out to approximately 0.23%.
Shareholders of Materion Corp looking to boost their income beyond the stock's 0.9% annualized dividend yield can sell the June 2015 covered call at the $40 strike and collect the premium based on the $1.40 bid, which annualizes to an additional 8.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 9.3% annualized rate in the scenario where the stock is not called away. Any upside above $40 would be lost if the stock rises there and is called away, but MTRN shares would have to climb 11.2% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 15.1% return from this trading level, in addition to any dividends collected before the stock was called.
In trading on Friday, shares of Materion Corp crossed below their 200 day moving average of $34.17, changing hands as low as $34.10 per share. Materion Corp shares are currently trading off about 1.6% on the day.