Materion Corporation Announces Quarterly Cash Dividend
February 05 2020 - 8:00AM
Business Wire
Materion Corporation (NYSE-MTRN) announced today that its Board
of Directors declared a first quarter dividend of $0.11 per share
of common stock. The dividend is payable on March 6, 2020 to
shareholders of record at the close of business on February 19,
2020. The dividend is a reflection of the Company's continued
confidence in the strength of its business, its prospects for
long-term growth, and its ability to continue to grow the business
organically, as well as through acquisitions while returning cash
to shareholders.
FORWARD-LOOKING STATEMENTS
Portions of the narrative set forth in this document that are
not statements of historical or current facts are forward-looking
statements. Our actual future performance may materially differ
from that contemplated by the forward-looking statements as a
result of a variety of factors. These factors include, in addition
to those mentioned elsewhere herein:
- Actual net sales, operating rates, and margins for 2019;
- The global economy, including the impact of tariffs and trade
agreements;
- The impact of any U.S. Federal Government shutdowns and
sequestrations;
- The condition of the markets which we serve, whether defined
geographically or by segment, with the major market segments being:
semiconductor, industrial, aerospace and defense, automotive,
energy, consumer electronics, and telecom and data center.
- Changes in product mix and the financial condition of
customers;
- Our success in developing and introducing new products and new
product ramp-up rates;
- Our success in passing through the costs of raw materials to
customers or otherwise mitigating fluctuating prices for those
materials, including the impact of fluctuating prices on inventory
values;
- Our success in identifying acquisition candidates and in
acquiring and integrating such businesses;
- The impact of the results of acquisitions on our ability to
fully achieve the strategic and financial objectives related to
these acquisitions;
- Our success in implementing our strategic plans and the timely
and successful completion and start-up of any capital
projects;
- Other financial and economic factors, including the cost and
availability of raw materials (both base and precious metals),
physical inventory valuations, metal financing fees, tax rates,
exchange rates, interest rates, pension costs and required cash
contributions and other employee benefit costs, energy costs,
regulatory compliance costs, the cost and availability of
insurance, credit availability, and the impact of the Company’s
stock price on the cost of incentive compensation plans;
- The uncertainties related to the impact of war, terrorist
activities, and acts of God;
- Changes in government regulatory requirements and the enactment
of new legislation that impacts our obligations and
operations;
- The conclusion of pending litigation matters in accordance with
our expectation that there will be no material adverse effects;
and
- The risk factors as set forth in Item 1A of our Form 10-K for
the year ended December 31, 2018.
About Materion:
Materion Corporation is headquartered in Mayfield Heights, Ohio.
The Company, through its wholly owned subsidiaries, supplies highly
engineered advanced materials to global markets. Our unique product
portfolio includes high performance alloys, beryllium products,
clad metal strip, composite metals, ceramics, inorganic chemicals,
microelectronics packaging materials, precision optics, thin film
coatings and thin film deposition materials. Learn more about
Materion at (http://materion.com/About).
Connect with Materion on social media through: Facebook -
https://www.facebook.com/MaterionCorp/ LinkedIn -
https://www.linkedin.com/company/materion-corporation Twitter -
https://twitter.com/MaterionCorp YouTube -
https://www.youtube.com/user/MaterionVideos
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version on businesswire.com: https://www.businesswire.com/news/home/20200205005447/en/
Investor Contact: Stephen F. Shamrock (216) 383-4010
stephen.shamrock@materion.com Media Contact: John G. McCloskey
(216) 218-8305 john.mccloskey@materion.com Mayfield Hts-g
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