Materion Brush Performance Alloys Announces Global Price Increase On Premium Strip, Rod, Tube And Wire Products
Materion Brush Performance Alloys, a Materion Corporation (NYSE: MTRN)
business, announced today that it will increase list prices worldwide on
premium grades of copper alloy and copper beryllium alloy strip, rod,
Materion Brush Performance Alloys, a Materion Corporation (NYSE: MTRN) business, announced today that it will increase list prices worldwide on premium grades of copper alloy and copper beryllium alloy strip, rod, bar, tube and wire products. Fabrication list prices will increase 2-5 percent effective January 2, 2014. These price increases are necessary to offset inflationary pressures caused by increased energy, raw materials, manufacturing and other costs. Materion Corporation is headquartered in Mayfield Heights, Ohio. Through its subsidiaries, Materion supplies worldwide markets with alloy products, beryllium products, electronic products, precious metal products, and engineered material systems. Around the world, the company's engineered materials can be found in technically demanding end-use products within the telecommunications and computer, automotive electronics, appliance, industrial components, plastics tooling, optical media, oil and gas, aerospace and defense, and off-highway and mining equipment markets. Visit www.Materion.com for additional information.
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.