Materion Corporation Increases Quarterly Cash Dividend

MAYFIELD HEIGHTS, Ohio–(BUSINESS WIRE)–Materion Corporation (NYSE-MTRN) announced today that its Board of
Directors declared a second quarter 2019 dividend of $0.11 per share of
common stock, an increase of $0.005 per share, or approximately 5%. The
dividend is payable on June 5, 2019 to shareholders of record at the
close of business on May 20, 2019.

Jugal Vijayvargiya, President and CEO, stated, “The dividend increase
reflects our seventh consecutive annual increase and continuing
confidence in the strength of our business, its prospects for long-term
growth and our ability to generate cash sufficient to continue to grow
the business organically as well as through acquisitions while returning
cash to shareholders.”

On an annualized basis, the amount of the dividend is $0.44 per share
and equates to a yield of approximately 1% based on the Materion common
stock price at the close of trading on May 8, 2019. The dividend
represents a quarterly cash payout of approximately $2.3 million, or
$9.0 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.

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:
    consumer electronics, industrial components, medical, automotive
    electronics, defense, telecommunications infrastructure, energy,
    commercial aerospace, and science;
  • 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, 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 set forth in Part 1, Item 1A of our 2018 Annual
    Report on Form 10-K.

Materion Corporation is headquartered in Mayfield Heights, Ohio. The
Company, through its wholly owned subsidiaries, supplies highly
engineered advanced enabling materials to global markets. Products
include precious and non-precious specialty metals, inorganic chemicals
and powders, specialty coatings, specialty engineered beryllium alloys,
beryllium and beryllium composites, and engineered clad and plated metal
systems.

Contacts

Investor Contact:
Stephen F. Shamrock
(216) 383-4010
stephen.shamrock@materion.com

Media Contact:
John G. McCloskey
(216) 383-6835
john.mccloskey@materion.com
https://materion.com
Mayfield
Hts-g

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