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

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

Matthews International has raised its dividend payment by an average of 0.0%annually over the last three years and has raised 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. 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

Shares of MATW stock opened at $28.14 on Friday. Matthews International has a one year low of $19.87 and a one year high of $30.93. The company’s 50-day moving average is $26.31 and its 200 day moving average is $25.90. The company has a market capitalization of $877.97 million, a price-to-earnings ratio of 90.77 and a beta of 1.12. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.97 and a current ratio of 1.64.

Matthews International (NASDAQ:MATW) last announced its quarterly earnings data 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 net margin of 0.80% and a return on equity of 5.88%. The company had revenue of $258.62 million for the quarter, compared to the consensus estimate of $253.65 million. Sell-side analysts expect that Matthews International will post 1.09 EPS for the current fiscal 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.