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

Matthews International Corporation (NASDAQ:MATW) announced a quarterly dividend on Wednesday, January 28th. Investors of record on Monday, February 9th will be paid a dividend of 0.255 per share on Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, February 9th.

Matthews International has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 30 consecutive years. Matthews International has a 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 analysts expect Matthews International to earn $1.91 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 53.4%.

Matthews International Price Performance

Shares of Matthews International stock traded up $0.02 during trading on Thursday, hitting $25.91. The stock had a trading volume of 62,307 shares, compared to its average volume of 236,081. The business has a fifty day moving average of $26.32 and a two-hundred day moving average of $24.90. Matthews International has a fifty-two week low of $18.50 and a fifty-two week high of $30.96. The firm has a market cap of $806.42 million, a P/E ratio of -32.79 and a beta of 1.18. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.48 and a quick ratio of 0.91.

Matthews International (NASDAQ:MATW) last released its quarterly earnings results on Friday, November 21st. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.28. The company had revenue of $318.84 million during the quarter, compared to analysts’ expectations of $290.79 million. Matthews International had a negative net margin of 1.63% and a positive return on equity of 8.65%. On average, sell-side analysts expect that Matthews International will post 1.73 earnings per share for the current fiscal year.

Matthews International Company Profile

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.