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Materion (NYSE: MTRN) declared a dividend payable on November 30, 2020 to its shareholders as of October 22, 2020. It was also announced that shareholders of Materion's stock as of November 5, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Materion, whose current dividend payout is $0.12, has an ex-dividend date set at November 4, 2020. The payout equates to a dividend yield of 0.83% at current price levels.
Understanding Ex-Dividend Dates'
An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Understanding Materion's Dividend Performance
Over the past year, Materion has experienced an overall upward trend regarding its dividend payouts and yields. Last year on November 7, 2019 the company's payout was $0.11, which has since grown by $0.01. Similarly, Materion's dividend yield in last year was 0.71%, which has since grown by 0.12%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
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