Materion Stock To Go Ex-dividend Tomorrow (MTRN)

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.
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