Matthews International Corporation (NASDAQ:MATW) Declares Quarterly Dividend of $0.26

Matthews International Corporation (NASDAQ:MATWGet Free Report) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Monday, August 10th will be given a dividend of 0.255 per share on Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 10th.

Matthews International has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 30 years. Matthews International has a dividend payout ratio of 136.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Matthews International to earn $1.24 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 82.3%.

Matthews International Stock Performance

NASDAQ MATW opened at $28.42 on Thursday. The business has a 50 day moving average price of $26.68 and a 200 day moving average price of $26.61. The company has a market capitalization of $886.70 million, a P/E ratio of 91.68 and a beta of 1.08. Matthews International has a 1-year low of $21.95 and a 1-year high of $30.93. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.64 and a quick ratio of 0.97.

Matthews International (NASDAQ:MATWGet Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.20. Matthews International had a return on equity of 5.88% and a net margin of 0.80%.The company had revenue of $258.62 million for the quarter, compared to analyst estimates of $253.65 million. Sell-side analysts expect that Matthews International will post 1.09 EPS for the current fiscal year.

Matthews International Company Profile

(Get Free Report)

Matthews International Corporation (NASDAQ:MATW) is a diversified industrial company headquartered in Pittsburgh, Pennsylvania. The company operates through two primary business segments—Brand Solutions and Memorialization—offering a broad range of products and services designed to meet the needs of industrial manufacturers, brand marketers and the funeral industry worldwide.

In its Brand Solutions segment, Matthews International provides engraving and digital printing systems, automated finishing equipment, thermal management products and electronics assembly solutions.

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Dividend History for Matthews International (NASDAQ:MATW)

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