Matthews International Co. Plans Quarterly Dividend of $0.25 (NASDAQ:MATW)

Matthews International Co. (NASDAQ:MATW) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors of record on Monday, February 10th will be given a dividend of 0.25 per share on Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Monday, February 10th.

Matthews International has raised its dividend payment by an average of 3.9% annually over the last three years and has increased its dividend every year for the last 13 years. Matthews International has a payout ratio of 48.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Matthews International to earn $2.15 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 46.5%.

Matthews International Price Performance

Shares of MATW stock opened at $26.55 on Friday. The firm’s 50-day simple moving average is $29.17 and its 200-day simple moving average is $26.18. Matthews International has a 1-year low of $21.09 and a 1-year high of $32.24. The company has a current ratio of 1.45, a quick ratio of 0.91 and a debt-to-equity ratio of 1.76.

Matthews International (NASDAQ:MATW) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.12). Matthews International had a positive return on equity of 12.42% and a negative net margin of 3.48%. As a group, research analysts anticipate that Matthews International will post 2 earnings per share for the current year.

About Matthews International

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.