Item 5. Market for Registrant’s Common Equity
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
The Company's common shares are listed on the New York Stock Exchange under the symbol “MTRN”. As of January 31, 2025, there were 592 shareholders of record.
Share Repurchases
The following table presents information with respect to repurchases of common stock made by us during the three months ended December 31, 2024.
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) Maximum Dollar Value that May Yet Be Purchased Under the Plans or Programs (1)
September 28 through November 1, 2024 — $ — — $ 8,316,239
November 2 through November 29, 2024 — $ — — 8,316,239
November 30 through December 31, 2024 — $ — — 8,316,239
Total — $ — — $ 8,316,239
(1) On January 14, 2014, we announced that our Board of Directors authorized the repurchase of up to $50.0 million of our common stock; this Board authorization does not have an expiration date. During the three months ended December 31, 2024, we did not repurchase any shares under this program.
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Performance Graph
The following graph sets forth the cumulative shareholder return on our common shares as compared to the cumulative total return of the Russell 2000 Index, the S&P SmallCap 600 Index, and the S&P SmallCap 600 Materials Index, as Materion Corporation is a component of these indices.
2020 2021 2022 2023 2024
Materion Corporation $ 108 $ 156 $ 150 $ 222 $ 170
Russell 2000 118 135 106 121 134
S&P SmallCap 600 110 137 113 129 138
S&P SmallCap 600 - Materials 121 142 132 157 157
The above graph assumes that the value of our common shares and each index was $100 on December 31, 2019 and that all applicable dividends were reinvested.
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Item 6. [RESERVED]
Reserved.
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.