Materion Corp. (MTRN) Raises Quarterly Dividend 4.5% to $0.115; 1% Yield

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Materion Corporation Increases Quarterly Cash Dividend

May 14, 2020 8:11 AM EDT

MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE-MTRN) announced today that its Board of Directors declared a second quarter 2020 dividend of $0.115 per share of common stock, an increase of $0.005 per share, or approximately 5%. The dividend is payable on June 10, 2020 to shareholders of record at the close of business on May 29, 2020.

Jugal Vijayvargiya, President and CEO, stated, The dividend increase reflects our eighth consecutive annual increase and continuing confidence in the strength of our business, its prospects for long-term growth and our ability to generate cash sufficient to continue to grow the business organically as well as through... More