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

Key Points

• Neo Performance Materials Inc. has declared a quarterly dividend of $0.10 per share, with the payment set for September 26th.
• The company's annualized dividend yield is reported at 2.3%, and the ex-dividend date is September 16th.
• Shares of Neo Performance Materials have recently traded at C$17.13, reflecting a 2.8% increase on the trading day mentioned.

Neo Performance Materials Inc. (TSE:NEO - Get Free Report) declared a quarterly dividend on Tuesday, September 16th, TickerTech Dividends reports. Stockholders of record on Friday, September 26th will be paid a dividend of 0.10 per share on Friday, September 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 16th.

Neo Performance Materials Stock Up 9.4%

Shares of NEO stock traded up C$1.58 during trading hours on Friday, reaching C$18.44. 508,500 shares of the company's stock were exchanged, compared to its average volume of 161,060. The stock's 50 day moving average is C$16.83 and its 200-day moving average is C$12.75. The company has a market cap of C$767.09 million, a price-to-earnings ratio of -73.76 and a beta of 1.16. The company has a current ratio of 2.59, a quick ratio of 1.92 and a debt-to-equity ratio of 10.65. Neo Performance Materials has a fifty-two week low of C$7.18 and a fifty-two week high of C$18.62.

Neo Performance Materials Company Profile

Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets.