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

Matthews International Co. (NASDAQ:MATW) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.25 per share on Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 3.53%.

Matthews International has increased its dividend payment by an average of 3.9% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Matthews International has a dividend payout ratio of 48.1% meaning its dividend is sufficiently covered by earnings. 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

MATW stock opened at $28.31 on Thursday. Matthews International has a 1-year low of $21.09 and a 1-year high of $34.41. The business’s 50 day simple moving average is $29.38 and its 200 day simple moving average is $26.13. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 0.91.

Matthews International (NASDAQ:MATW) last posted its earnings results on Thursday, November 21st. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.14. Matthews International had a negative net margin of 3.32% and a positive return on equity of 13.69%. During the same quarter in the previous year, the firm posted $0.96 earnings per share. As a group, analysts expect that Matthews International will post 2 EPS for the current fiscal year.

Matthews International Company Profile

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.