Materion Corporation Declares a New Dividend for Shareholders
Materion Corporation (NYSE: MTRN) has recently made an important announcement that signifies its dedication to its shareholders. The company's Board of Directors has declared a quarterly cash dividend of $0.135 per share of common stock. This decision reflects Materion’s robust financial health and commitment to returning value to its investors.
Details of the Cash Dividend
The newly declared dividend will be paid to shareholders on a designated date. Specifically, the dividend is set to be payable on December 6, 2024, to those who are shareholders of record by the close of business on November 14, 2024. This timeline ensures that all eligible shareholders have the opportunity to benefit from this dividend.
About Materion Corporation
Materion Corporation stands out as a global leader in advanced materials solutions tailored for high-performance industries. This includes crucial sectors such as semiconductor manufacturing, industrial applications, aerospace and defense, energy, and automotive. With close to a century of expertise in various fields, Materion specializes in specialty engineered alloy systems, inorganic chemicals and powders, precious and non-precious metals, as well as beryllium and beryllium composites. Moreover, the company excels in providing precision filters and optical coatings.
Commitment to Innovation and Collaboration
What truly sets Materion apart is its collaborative spirit. The company works alongside its customers to develop breakthrough solutions that not only meet industry demands but also move the world forward. This commitment is evident in its approach to innovation and responsiveness to market needs.
Global Presence and Workforce
With its headquarters established in Mayfield Heights, Ohio, Materion Corporation has expanded its reach to more than 60 countries worldwide. The organization proudly employs over 3,500 talented individuals committed to excellence and customer service. This extensive workforce is a testament to the company’s focus on hiring skilled professionals who are equipped to handle a variety of challenges across the globe.
Looking Ahead
As Materion Corporation continues to innovate and expand its product offerings, it remains focused on sustainable growth and shareholder value. The approved dividend is not just a reward for past performance but also a signal of confidence for future prospects. Shareholders can look forward to not only financial returns but also the impact that Materion will make in high-performance industries.
Frequently Asked Questions
What is the amount of the declared dividend by Materion Corporation?
The declared dividend is $0.135 per share of common stock.
When is the dividend payout date for shareholders?
The dividend will be payable on December 6, 2024.
Who is eligible to receive the dividend?
Shareholders of record at the close of business on November 14, 2024, are eligible to receive the dividend.
What sectors does Materion Corporation serve?
Materion serves several high-performance industries, including semiconductor, aerospace, defense, automotive, and energy.
How many employees does Materion have globally?
Materion Corporation employs over 3,500 people worldwide.
