Match Group Inc. Announces Quarterly Dividend of $0.20 (NASDAQ:MTCH)

Match Group Inc. (NASDAQ:MTCHGet Free Report) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Monday, October 5th will be given a dividend of 0.20 per share by the technology company on Tuesday, October 20th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, October 5th.

Match Group has decreased its dividend payment by an average of 0.7%per year over the last three years. Match Group has a payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Match Group to earn $3.49 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 22.9%.

Match Group Stock Performance

MTCH opened at $37.68 on Wednesday. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.65 and a beta of 1.30. The company has a fifty day moving average of $37.27 and a 200 day moving average of $34.29. Match Group has a fifty-two week low of $28.81 and a fifty-two week high of $41.40.

Match Group (NASDAQ:MTCHGet Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Match Group had a net margin of 18.83% and a negative return on equity of 307.45%. The company had revenue of $853.11 million for the quarter, compared to the consensus estimate of $857.77 million. During the same period in the previous year, the firm posted $0.49 EPS. Match Group’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Match Group will post 3.11 earnings per share for the current year.

Key Match Group News

Here are the key news stories impacting Match Group this week:

  • Positive Sentiment: Match Group reported second-quarter adjusted earnings of $0.70 per share, exceeding the $0.65 analyst consensus. Net income increased to $170.5 million from $125.5 million a year earlier, while adjusted EBITDA reportedly surpassed expectations. Match Group Announces Second Quarter Results
  • Positive Sentiment: Hinge remained a key growth driver: revenue rose 22% year over year and global monthly active users increased 13%. Tinder’s year-over-year daily-active-user decline narrowed to 4%, suggesting that product changes may be beginning to improve engagement. Match Group Q2 Revenue Falls 1% To $853 Million
  • Positive Sentiment: Management expects third-quarter revenue of $885 million to $895 million and plans to expand Tinder Events to 26 cities by the end of September, providing potential catalysts for engagement and monetization. The company also declared a $0.20-per-share quarterly dividend and has repurchased approximately $245 million of stock year to date. Match Group Q3 Outlook and Tinder Events
  • Neutral Sentiment: TD Cowen reaffirmed a Buy rating while trimming its price target to $45, indicating that analysts remain constructive on profitability and the turnaround but see limited visibility on revenue growth. Match Group Buy Rating Reaffirmed
  • Negative Sentiment: Second-quarter revenue fell 1.2% year over year to $853.1 million, below the $857.8 million consensus estimate. Tinder’s sluggish performance continued to weigh on consolidated results, and the company is still experiencing declines in paying users. Match Group Revenue Falls Short of Estimates
  • Negative Sentiment: The third-quarter revenue midpoint of $890 million is slightly below analysts’ $891.3 million expectation. Investors also remain concerned that Tinder user-experience changes and ongoing weakness at Azar could create additional short-term revenue pressure, overshadowing improving engagement trends.

Match Group Company Profile

(Get Free Report)

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.

Further Reading

Dividend History for Match Group (NASDAQ:MTCH)

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