Materion Performance Alloys has added nickel aluminum bronze (AMS 4881 C95520) continuous cast hollow bars to its product line of high performance alloys. AMS 4881 C95520 is a martensitic nickel aluminum bronze that offers higher strength and hardness than the other nickel aluminum bronze alloys. Using a patented technology called EquaCAST®, Materion is able to produce an extremely uniform, fine-grained microstructure with more consistent mechanical properties and better machinability to ensure the desired surface finish. AMS 4881 C95520 is used primarily for aircraft landing gear and brake systems as well as heavy equipment bearings, bushings and wear plates and oil and gas equipment components. Materion AMS 4881 C95520 will be available from authorized distributors in the U.S., Europe and China. Materion Performance Alloys, headquartered in Mayfield Heights, Ohio, is a Materion Corporation (NYSE: MTRN) business. Through its subsidiaries, Materion supplies worldwide markets with alloy, beryllium, electronic, and precious metal products as well as 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.