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

Matthews International Corporation (NASDAQ:MATW) declared 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) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 10th.

Matthews International has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 30 consecutive 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. 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’s 50-day moving average price is $26.68 and its 200 day moving average price is $26.61. The company has a current ratio of 1.64, a quick ratio of 0.97 and a debt-to-equity ratio of 1.12. Matthews International has a twelve month low of $21.95 and a twelve month high of $30.93. The company has a market capitalization of $886.70 million, a PE ratio of 91.68 and a beta of 1.08.

Matthews International (NASDAQ:MATW) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.37 EPS 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 during the quarter, compared to analysts’ expectations of $253.65 million. On average, research analysts predict that Matthews International will post 1.09 earnings per share for the current year.

About Matthews International

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.