Matthews International Corporation (NASDAQ:MATW) declared a quarterly dividend on Thursday, July 20th, Fidelity reports. Shareholders of record on Monday, July 31st will be given a dividend of 0.17 per share on Monday, August 14th. This represents a $0.68 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Thursday, July 27th. This is a boost from Matthews International Corporation’s previous quarterly dividend of $0.13.
Matthews International Corporation has raised its dividend by an average of 14.8% per year over the last three years and has raised its dividend every year for the last 5 years. Matthews International Corporation has a dividend payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Matthews International Corporation to earn $3.95 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 17.2%.
Matthews International Corporation (NASDAQ MATW) traded up 0.32% during trading on Wednesday, reaching $63.30. The company’s stock had a trading volume of 60,247 shares. Matthews International Corporation has a 52 week low of $56.72 and a 52 week high of $77.85. The company has a market capitalization of $2.04 billion, a PE ratio of 26.68 and a beta of 1.11. The company has a 50 day moving average price of $64.32 and a 200-day moving average price of $65.71.
Matthews International Corporation (NASDAQ:MATW) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.01. The business had revenue of $389.63 million during the quarter, compared to the consensus estimate of $392.03 million. Matthews International Corporation had a return on equity of 16.23% and a net margin of 5.17%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 earnings per share. Equities research analysts anticipate that Matthews International Corporation will post $3.61 earnings per share for the current year.
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A number of brokerages have recently commented on MATW. FBR & Co reaffirmed an “outperform” rating on shares of Matthews International Corporation in a research report on Tuesday, July 11th. BidaskClub cut Matthews International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Macquarie upgraded Matthews International Corporation from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Wednesday, July 5th.
Matthews International Corporation Company Profile
Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).
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