Neo Performance Materials Inc. (TSE:NEO - Get Free Report) announced a quarterly dividend on Tuesday, June 17th, TickerTech Dividends reports. Stockholders of record on Friday, June 27th will be given a dividend of 0.10 per share on Friday, June 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Tuesday, June 17th.
Neo Performance Materials Stock Performance
Shares of TSE:NEO traded up C$0.23 on Wednesday, hitting C$12.50. The company's stock had a trading volume of 217,601 shares, compared to its average volume of 123,239. The company has a market capitalization of C$365.84 million, a price-to-earnings ratio of -164.16 and a beta of 1.38. The company has a debt-to-equity ratio of 10.65, a quick ratio of 1.92 and a current ratio of 2.59. Neo Performance Materials has a 12 month low of C$6.70 and a 12 month high of C$12.81. The stock's 50-day moving average is C$10.55 and its two-hundred day moving average is C$9.07.
Insider Buying and Selling at Neo Performance Materials
In other Neo Performance Materials news, Director Rahim Suleman bought 5,100 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average cost of C$9.87 per share, for a total transaction of C$50,344.14. 22.38% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Separately, Stifel Nicolaus raised their target price on shares of Neo Performance Materials from C$16.50 to C$17.50 in a research note on Monday, May 12th.
Check Out Our Latest Report on Neo Performance Materials
About Neo Performance Materials
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Neo Performance Materials Inc engages in the manufacture and sale of 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; and bonded magnets.
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