Materion Corporation Increases Quarterly Cash Dividend

Rhea-AI Summary

Materion Corporation announces an increase in its first-quarter 2023 dividend by approximately 5% to $0.13 per share of common stock.

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• Materion Corporation increases its first-quarter 2023 dividend by approximately 5% to $0.13 per share of common stock.

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• None.

MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) announced today that its Board of Directors declared its first-quarter 2023 dividend of $0.13 per share of common stock, an increase of $0.005 per share, or approximately 5%. The dividend is payable on June 15, 2023, to shareholders of record at the close of business on May 31, 2023.

About Materion

Materion Corporation is a global leader in advanced materials solutions for high-performance industries including semiconductor, industrial, aerospace & defense, energy and automotive. With nearly 100 years of expertise in specialty engineered alloy systems, inorganic chemicals and powders, precious and non-precious metals, beryllium and beryllium composites, and precision filters and optical coatings, Materion partners with customers to enable breakthrough solutions that move the world forward. Headquartered in Mayfield Heights, Ohio, the company employs more than 3,700 talented people worldwide, serving customers in more than 60 countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230517005796/en/

Investors:

Kyle Kelleher

(216) 383-4931

kyle.kelleher@materion.com

Media:

Jason Saragian

(216) 383-6893

jason.saragian@materion.com

Source: Materion Corporation

FAQ

What is the dividend amount for Materion Corporation's first-quarter 2023?

The dividend amount for Materion Corporation's first-quarter 2023 is $0.13 per share of common stock.

When will the dividend be payable?

The dividend will be payable on June 15, 2023.

Who is eligible for the dividend?

Shareholders of record at the close of business on May 31, 2023, are eligible for the dividend.