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

Matthews International Co. (NASDAQ:MATW) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders 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 dividend yield of 3.53%.

Matthews International has raised its dividend by an average of 3.9% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Matthews International has a payout ratio of 48.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.8 %

NASDAQ MATW traded down $0.23 during mid-day trading on Wednesday, reaching $28.31. 113,025 shares of the stock were exchanged, compared to its average volume of 170,585. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 0.91. The stock has a market cap of $876.76 million, a P/E ratio of -14.67 and a beta of 1.14. The stock has a 50 day simple moving average of $29.30 and a 200-day simple moving average of $26.11. Matthews International has a one year low of $21.09 and a one year high of $34.41.

Matthews International (NASDAQ:MATW) last issued its quarterly earnings results on Thursday, November 21st. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.14. Matthews International had a positive return on equity of 13.69% and a negative net margin of 3.32%. During the same period last year, the firm earned $0.96 EPS. On average, analysts anticipate that Matthews International will post 2 EPS for the current 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.