Materion Corporation Increases Quarterly Cash Dividend

Rhea-AI Summary

Materion Corporation (NYSE: MTRN) has announced a dividend increase of $0.125 per share, reflecting a rise of $0.005 or approximately 5%. This dividend is set to be paid on June 16, 2022, to shareholders who are on record by the close of business on May 27, 2022. Based in Mayfield Heights, Ohio, Materion provides a range of advanced engineered materials including specialty metals and beryllium alloys.

Positive

• Dividend increase of 5%, indicating strong company performance.
• Confidence in sustaining shareholder returns with the new dividend payout.

Negative

• None.

MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) announced today that its Board of Directors declared its second quarter 2022 dividend of $0.125 per share of common stock, an increase of $0.005 per share, or approximately 5%. The dividend is payable on June 16, 2022 to shareholders of record at the close of business on May 27, 2022.

Materion Corporation is headquartered in Mayfield Heights, Ohio. Materion, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220504005924/en/

Investors:

John Zaranec

(216) 383-4010

john.zaranec@materion.com

Media:

Jason Saragian

(216) 383-6893

jason.saragian@materion.com

Source: Materion Corporation

FAQ

What is the dividend amount declared by Materion Corporation for Q2 2022?

Materion Corporation declared a dividend of $0.125 per share for Q2 2022.

When will Materion Corporation pay its Q2 2022 dividend?

The dividend will be paid on June 16, 2022.

Who is eligible to receive the dividend from Materion Corporation?

Shareholders of record at the close of business on May 27, 2022, are eligible for the dividend.

How much did Materion increase its dividend by in Q2 2022?

The dividend was increased by $0.005, or approximately 5%.