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

Neo Performance Materials Inc. (TSE:NEO) declared a quarterly dividend on Tuesday, December 17th,TickerTech Dividends reports. Investors of record on Friday, December 27th will be paid a dividend of 0.10 per share on Friday, December 27th. This represents a $0.40 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Tuesday, December 17th.

Neo Performance Materials Price Performance

Shares of NEO opened at C$8.27 on Friday. The company has a market cap of C$345.27 million, a price-to-earnings ratio of 91.89 and a beta of 1.38. Neo Performance Materials has a 1-year low of C$5.50 and a 1-year high of C$8.81. The company’s fifty day simple moving average is C$8.07 and its 200 day simple moving average is C$7.91. The company has a current ratio of 3.31, a quick ratio of 1.92 and a debt-to-equity ratio of 13.02.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Cormark boosted their target price on shares of Neo Performance Materials from C$12.00 to C$12.50 in a report on Wednesday, August 21st. Stifel Nicolaus boosted their target price on shares of Neo Performance Materials from C$14.50 to C$15.00 and gave the stock a “buy” rating in a report on Thursday, October 17th.

About Neo Performance Materials

Neo Performance Materials Inc engages in the manufacture and sale of 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; and bonded magnets.