Neo Performance Materials Inc. (TSE:NEO - Get Free Report) reached a new 52-week high on Wednesday following a dividend announcement from the company. The stock traded as high as C$12.81 and last traded at C$12.54, with a volume of 171331 shares trading hands. The stock had previously closed at C$12.27.
The newly announced dividend which will be paid on Friday, June 27th. Shareholders of record on Friday, June 27th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.18%. The ex-dividend date is Tuesday, June 17th. Neo Performance Materials's dividend payout ratio (DPR) is currently -525.33%.
Analyst Ratings Changes
Separately, Stifel Nicolaus boosted their target price on shares of Neo Performance Materials from C$16.50 to C$17.50 in a research report on Monday, May 12th.
Get Our Latest Research Report on Neo Performance Materials
Neo Performance Materials Trading Up 0.6%
The firm has a market capitalization of C$367.88 million, a PE ratio of -165.08 and a beta of 1.38. The firm's fifty day moving average is C$10.79 and its two-hundred day moving average is C$9.15. The company has a debt-to-equity ratio of 10.65, a current ratio of 2.59 and a quick ratio of 1.92.
Insider Buying and Selling at Neo Performance Materials
In related news, Director Rahim Suleman bought 5,100 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were purchased at an average cost of C$9.87 per share, for a total transaction of C$50,344.14. Corporate insiders own 22.38% of the company's stock.
Neo Performance Materials Company Profile
(
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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.
Further Reading
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