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Materion Corporation Initiates Quarterly Cash Dividend of $0.075

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Materion Corporation (NYSE: MTRN) today announced that its Board of Directors declared a second quarter 2012 dividend of $0.075 per share of common stock, payable on June 1, 2012 to shareholders of record at the close of business on May 18, 2012.

On an annualized basis, the amount of the dividend is $0.30 per share and equates to a yield of approximately 1.2% based on the Materion common stock price at the close of trading on May 1, 2012. The dividend represents a quarterly cash payout of approximately $1.5 million, or $6.0 million on an annualized basis. Subject to a continuing strong capital position and a determination that cash dividends continue to be in the best interest of shareholders, Materion intends to pay a quarterly dividend on an ongoing basis.

Posted-In: News Dividends

 

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