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

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

Shares of NEO stock opened at C$12.77 on Friday. The firm has a fifty day moving average of C$14.51 and a two-hundred day moving average of C$17.29. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.88 and a quick ratio of 1.19. Neo Performance Materials has a 1-year low of C$10.48 and a 1-year high of C$22.85. The firm has a market cap of C$519.34 million and a P/E ratio of 10.79.

Neo Performance Materials (TSE:NEO – Get Rating) last announced its quarterly earnings data on Thursday, March 10th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.31 by C$0.18. The business had revenue of C$193.42 million during the quarter, compared to analyst estimates of C$163.77 million. On average, sell-side analysts expect that Neo Performance Materials will post 1.4999999 EPS for the current year.

A number of brokerages have recently weighed in on NEO. Raymond James reduced their price objective 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 note on Monday, March 14th. Cormark reissued a “buy” rating and issued a C$29.00 price target on shares of Neo Performance Materials in a report on Friday, March 11th. Finally, Scotiabank reduced their target price on shares of Neo Performance Materials from C$29.00 to C$27.00 in a research note 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.

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