Materion (MTRN) will raise its quarterly dividend by 4.8 percent to $0.11 per share in 2019. This marks the 7th year of consecutive dividend increases by the engineered materials company.

The dividend is payable on June 5, 2019 to shareholders of record at the close of business on May 20, 2019. A new annual dividend rate of 44 cents yields 0.6% at a stock price of $68.09.

Jugal Vijayvargiya, President and CEO, stated, “The dividend increase reflects our seventh consecutive annual increase and continuing confidence in the strength of our business, its prospects for long-term growth and our ability to generate cash sufficient to continue to grow the business organically as well as through acquisitions while returning cash to shareholders.”

Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. Products include precious and non-precious specialty metals, inorganic chemicals and powders, specialty coatings, specialty engineered beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems. Materion Corporation has paid a dividend to shareholders every year since 2012.