Neo Performance Materials Inc. (TSE:NEO - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as C$12.81 and last traded at C$12.54, with a volume of 171331 shares traded. The stock had previously closed at C$12.27.The newly announced dividend which will be paid on Friday, June 27th. Investors of record on Friday, June 27th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.40 annualized dividend and a yield of 3.18%. Neo Performance Materials's payout ratio is -525.33%.
Analysts Set New Price Targets
Separately, Stifel Nicolaus increased their target price on Neo Performance Materials from C$16.50 to C$17.50 in a report on Monday, May 12th.
Check Out Our Latest Stock Analysis on Neo Performance Materials
Neo Performance Materials Stock Performance
The stock has a 50 day simple moving average of C$10.55 and a 200 day simple moving average of C$9.07. The stock has a market cap of C$367.88 million, a P/E ratio of -165.08 and a beta of 1.38. The company has a current ratio of 2.59, a quick ratio of 1.92 and a debt-to-equity ratio of 10.65.
Insider Buying and Selling
In other news, Director Rahim Suleman bought 5,100 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were bought 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 insiders.
About Neo Performance Materials
(
Get Free Report)
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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