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

Neo Performance Materials Inc. (TSE:NEO) declared a quarterly dividend on Friday, June 19th, TickerTech Dividends reports. Stockholders of record on Monday, June 29th will be given a dividend of 0.10 per share on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 19th.

Neo Performance Materials Trading Down 0.9%

TSE:NEO opened at C$33.43 on Wednesday. Neo Performance Materials has a 12 month low of C$11.91 and a 12 month high of C$35.76. The firm has a market cap of C$1.54 billion, a price-to-earnings ratio of -139.29 and a beta of 1.45. The company has a quick ratio of 1.92, a current ratio of 1.76 and a debt-to-equity ratio of 41.75. The company’s 50 day moving average is C$28.64 and its 200-day moving average is C$23.15.

Neo Performance Materials (TSE:NEO) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.47 EPS for the quarter. Neo Performance Materials had a negative net margin of 2.03% and a negative return on equity of 2.63%. The company had revenue of C$215.44 million for the quarter. Equities analysts anticipate that Neo Performance Materials will post 0.6753356 EPS for the current year.

Insider Buying and Selling at Neo Performance Materials

In related news, insider Kevin Morris sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of C$22.99, for a total value of C$459,800.00. Following the completion of the sale, the insider owned 105,966 shares of the company’s stock, valued at C$2,436,158.34. This trade represents a 15.88% decrease in their ownership of the stock. 22.38% of the stock is currently owned by corporate insiders.

About Neo Performance Materials

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals.