Matthews International Corporation (MATW) to Issue Quarterly Dividend of $0.26 on May 25th

Matthews International Corporation (NASDAQ:MATW) declared a quarterly dividend on Wednesday, April 29th. Investors of record on Monday, May 11th will be given a dividend of 0.255 per share on Monday, May 25th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, May 11th.

Matthews International has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 30 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 $1.23 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 82.9%.

Matthews International Price Performance

Matthews International stock opened at $28.54 on Friday. The stock’s 50 day moving average is $26.21 and its 200 day moving average is $25.75. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.51 and a quick ratio of 0.91. The firm has a market cap of $888.34 million, a P/E ratio of 40.20 and a beta of 1.12. Matthews International has a one year low of $18.61 and a one year high of $29.11.

Matthews International (NASDAQ:MATW) last issued its earnings results on Thursday, April 30th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.20. Matthews International had a return on equity of 5.95% and a net margin of 1.64%. As a group, research analysts expect that Matthews International will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Matthews International from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings upgraded Matthews International from a “sell (d)” rating to a “hold (c)” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

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.