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

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

Neo Performance Materials Price Performance

Shares of TSE NEO opened at C$16.12 on Wednesday. The company has a current ratio of 2.59, a quick ratio of 1.92 and a debt-to-equity ratio of 10.65. The company has a market capitalization of C$670.58 million, a price-to-earnings ratio of -100.75 and a beta of 0.96. Neo Performance Materials has a twelve month low of C$7.18 and a twelve month high of C$23.60. The business has a 50 day simple moving average of C$18.02 and a 200-day simple moving average of C$16.74.

Neo Performance Materials (TSE:NEO) last released its quarterly earnings data on Friday, November 14th. The company reported C$0.20 EPS for the quarter. The firm had revenue of C$122.21 million during the quarter. Neo Performance Materials had a negative net margin of 0.48% and a negative return on equity of 0.53%. As a group, equities research analysts expect that Neo Performance Materials will post 0.6753356 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Neo Performance Materials from C$22.00 to C$25.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Cormark upgraded Neo Performance Materials to a “moderate buy” rating in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$25.00.

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.