Materion Corporation Unit Introduces New Line Of Bulk Metallic Glass Alloys
Materion Corporation (NYSE: MTRN) today announced that, following three
years of product development, its Beryllium and Composites business has
introduced a bulk metallic glass (BMG) alloy product line.
Materion Corporation (NYSE: MTRN) today announced that, following three years of product development, its Beryllium and Composites business has introduced a bulk metallic glass (BMG) alloy product line. These zirconium-based alloys, which are often known as Vitreloy, or Liquidmetal® alloys, – Vit1b, Vit105, Vit601, and Vit106a – are now available from Materion in volume quantities. BMGs are amorphous alloys derived from unique alloy combinations whose disparate atoms retain a random structure when they solidify, in contrast to the crystalline atomic structure that forms in ordinary metals and alloys. As a result, a BMG alloy can be formed into a finished product as if it were a plastic. Amorphous alloys have unique properties, including very high specific strength (often twice that of titanium and stainless steel), relatively high hardness (>50 Rc), high elastic range (~2%), and unparalleled corrosion resistance. The amorphous surface has an appealing but rugged finish that is attractive for a variety of consumer product applications. In addition, amorphous alloys will often enable lower production costs because they require fewer steps than other metal-forming processes. According to Lawrence Ryczek, Vice-President and General Manager of Materion Beryllium and Composites, “Materion has a long heritage of selling high-quality, certified alloys into defense, aerospace, automotive and consumer markets. Our technology team has worked hard to scale production, while maintaining quality, to be the global leader in providing these exceptional alloys. We will continue to look for opportunities to expand this market and further develop metallic glass technology.” Rancho Santa Margarita, California-based Liquidmetal Technologies, Inc. (OTC: LQMT) is a leading developer of bulk metallic glass technology. Materion is a Certified Liquidmetal Partner (CLP) for the production of BMGs. Materion’s BMG alloys are also available for Liquidmetal and its licensees under their respective Liquidmetal alloy trade names, LM1b, LM105, LM601, and LM106a. Materion Corporation is headquartered in Mayfield Heights, Ohio. The Company, through its wholly owned subsidiaries, supplies highly engineered advanced enabling materials to global markets. Products include precious and non-precious specialty metals, inorganic chemicals and powders, specialty coatings, specialty engineered beryllium and non-beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems.
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.