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

Neo Performance Materials Inc. (TSE:NEO) announced a quarterly dividend on Friday, September 18th. Investors of record on Monday, September 28th will be paid a dividend of 0.10 per share on Monday, September 28th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 18th.

Neo Performance Materials Stock Performance

NEO stock opened at C$29.17 on Wednesday. The company has a debt-to-equity ratio of 34.03, a current ratio of 2.06 and a quick ratio of 1.92. The company has a 50 day moving average price of C$35.76 and a 200 day moving average price of C$31.05. Neo Performance Materials has a fifty-two week low of C$15.31 and a fifty-two week high of C$47.19. The stock has a market capitalization of C$1.35 billion, a PE ratio of 2,917.00 and a beta of 1.46.

Neo Performance Materials (TSE:NEO) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.73 earnings per share (EPS) for the quarter. The firm had revenue of C$292.32 million for the quarter. Neo Performance Materials had a return on equity of 0.21% and a net margin of 0.15%. Analysts forecast that Neo Performance Materials will post 0.6753356 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BMO Capital Markets upped their price target on Neo Performance Materials from C$43.00 to C$60.00 in a research note on Monday, July 13th. ATB Cormark Capital Markets boosted their price objective on Neo Performance Materials from C$43.00 to C$53.50 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Stifel Nicolaus boosted their price objective on Neo Performance Materials from C$49.00 to C$55.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$56.17.

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.