Matthews International Corporation (MATW) To Go Ex-Dividend on February 9th

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

Matthews International has raised its dividend 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. Research 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 Trading Up 0.5%

Shares of MATW stock opened at $26.02 on Friday. The firm has a fifty day moving average of $26.35 and a 200-day moving average of $24.90. The stock has a market cap of $810.00 million, a price-to-earnings ratio of -32.94 and a beta of 1.18. Matthews International has a 52-week low of $18.50 and a 52-week high of $30.96. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.91 and a current ratio of 1.48.

Matthews International (NASDAQ:MATW) last posted its earnings results on Friday, November 21st. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.28. The business had revenue of $318.84 million for 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, equities research analysts forecast 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.