Materion Corporation (NYSE:MTRN) will hold its quarterly conference call on Thursday, February 27, 2014 at 9:00 a.m. Eastern Time to review fourth quarter and year-end 2013 results. Richard Hipple, Chairman, President and Chief Executive Officer; John Grampa, Senior Vice President, Finance and Chief Financial Officer; Michael Hasychak, Vice President, Treasurer and Secretary; and James Marrotte, Vice President, Controller, will represent Materion Corporation on the call. To participate, please dial (877) 407-0778 or (201) 689-8565 for International calls. A live webcast will be available on the Company’s website ( www.materion.com). To access the webcast, click on Events & Presentations under the Investor Relations page. The webcast will also be available through www.InvestorCalendar.com. A recorded playback will be available until March 14, 2014 at (877) 660-6853 or (201) 612-7415 for International calls. Please use the following passcode: 13575400. An archive of the call will also be available on the Company's website. 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 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.