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

Neo Performance Materials Inc. (TSE:NEO) declared a quarterly dividend on Friday, December 19th, TickerTech Dividends reports. Investors of record on Monday, December 29th will be paid a dividend of 0.10 per share on Monday, December 29th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, December 19th.

Neo Performance Materials Stock Down 0.7%

Shares of NEO opened at C$16.12 on Wednesday. Neo Performance Materials has a fifty-two week low of C$7.18 and a fifty-two week high of C$23.60. The company’s fifty day moving average is C$18.02 and its two-hundred day moving average is C$16.74. The firm has a market cap of C$670.58 million, a PE ratio of -100.75 and a beta of 0.96. The company has a quick ratio of 1.92, a current ratio of 2.59 and a debt-to-equity ratio of 10.65.

Neo Performance Materials (TSE:NEO) last issued its earnings results on Friday, November 14th. The company reported C$0.20 earnings per share for the quarter. Neo Performance Materials had a negative return on equity of 0.53% and a negative net margin of 0.48%.The business had revenue of C$122.21 million for the quarter. Analysts forecast that Neo Performance Materials will post 0.6753356 earnings per share for the current year.

About Neo Performance Materials

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.