After 18 months of support and participation throughout its
organization, Materion Corporation’s Elmore, Ohio facility is the latest
and the largest of the Company’s facilities to receive the coveted
After 18 months of support and participation throughout its organization, Materion Corporation’s Elmore, Ohio facility is the latest and the largest of the Company’s facilities to receive the coveted Environmental Management System (EMS) ISO 14001:2004 Certification. The Certification is the most widely recognized voluntary environmental standard awarded to organizations that work to control their impact on the environment and improve their environmental performance. Organizations must minimize operations that negatively affect the environment or cause adverse changes to air, water or land. Companies must comply with local laws and regulations and demonstrate that they have designed and implemented an effective environmental management system. The EMS ISO process is administered by a third party that is unrelated to the organization seeking the credentials. The outside organization provides monitoring to ensure that organizations recognize and comply with the various management guidelines. Once the standards have been met, the auditing organization certifies the applicant organization as ISO 14001 compliant. The certification is valid for three years. John Scheatzle, Vice President, Operations, Materion Brush Performance Alloys, noted, “We have an outstanding record of environmental compliance. This Certification underscores and formalizes our commitment to do even better. The project gave us the opportunity to implement a disciplined management system that ensures we continue improving our record. In addition to helping us, the system also should provide reassurance to our neighbors, employees, regulators and others that our processes will remain in control, and that we are working to minimize our impact now and in the future.” Other Materion locations with ISO 14001 Certification include: Materion Brush GmbH in Stuttgart, GermanyMaterion Brush Japan Ltd. In Tokyo, JapanMaterion Czech s.r.o. in Louny, Czech RepublicMaterion Advanced Materials Technologies & Services in Limerick, IrelandMaterion Microelectronics & Services in Brewster, New YorkMaterion Advanced Materials Technologies & Services in Buffalo, New YorkMaterion Microelectronics & Services in Wheatfield, New York
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.