Neo Performance Materials Inc. Announces Quarterly Dividend of $0.10 (TSE:NEO)

Neo Performance Materials Inc. (TSE:NEOGet Rating) announced a quarterly dividend on Friday, May 13th, Zacks reports. Investors of record on Monday, June 20th will be paid a dividend of 0.10 per share on Tuesday, June 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Friday, June 17th.

Shares of NEO stock opened at C$12.77 on Friday. The firm’s 50 day moving average is C$14.51 and its 200 day moving average is C$17.29. Neo Performance Materials has a 12 month low of C$10.48 and a 12 month high of C$22.85. The stock has a market capitalization of C$519.34 million and a P/E ratio of 10.79. The company has a current ratio of 2.88, a quick ratio of 1.19 and a debt-to-equity ratio of 2.20.

Neo Performance Materials (TSE:NEOGet Rating) last announced its quarterly earnings results on Thursday, March 10th. The company reported C$0.49 EPS for the quarter, topping analysts’ consensus estimates of C$0.31 by C$0.18. The company had revenue of C$193.42 million during the quarter, compared to the consensus estimate of C$163.77 million. On average, equities analysts predict that Neo Performance Materials will post 1.4999999 EPS for the current year.

A number of brokerages have recently commented on NEO. Scotiabank reduced their price target on shares of Neo Performance Materials from C$29.00 to C$27.00 in a research note on Friday, March 11th. Raymond James cut their target price on shares of Neo Performance Materials from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research report on Monday, March 14th. Finally, Cormark restated a “buy” rating and set a C$29.00 target price on shares of Neo Performance Materials in a research report on Friday, March 11th.

Neo Performance Materials Company Profile (Get Rating)

Neo Performance Materials Inc manufactures and sells rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets.

Further Reading

Dividend History for Neo Performance Materials (TSE:NEO)

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