Matthews International Corp (NASDAQ:MATW) Plans Dividend Increase – $0.21 Per Share

Matthews International Corp (NASDAQ:MATW) declared a quarterly dividend on Wednesday, November 13th, Zacks reports. Shareholders of record on Monday, November 25th will be given a dividend of 0.21 per share on Monday, December 9th. This represents a $0.84 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Friday, November 22nd. This is a boost from Matthews International’s previous quarterly dividend of $0.20.

Shares of MATW traded up $0.46 on Wednesday, reaching $35.99. The stock had a trading volume of 1,265 shares, compared to its average volume of 99,640. The firm has a market capitalization of $1.09 billion, a PE ratio of 8.97 and a beta of 1.20. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average of $35.85 and a 200 day moving average of $34.41. Matthews International has a twelve month low of $28.57 and a twelve month high of $46.72.

MATW has been the topic of a number of research reports. ValuEngine upgraded Matthews International from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. B. Riley lowered their price target on Matthews International from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, October 18th. BidaskClub cut Matthews International from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Zacks Investment Research cut Matthews International from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $50.00.

About Matthews International

Matthews International Corporation provides brand solutions, memorialization products, and industrial products worldwide. The company's SGK Brand Solutions segment provides brand development and graphic design services, such as visual intellectual properties, packaging, and content creation; brand deployment and activation services, including design and production of merchandising exhibits and shopper experiences in digital and printed media channels; and consulting services to brand owners on workflow best practices, management and technologies, printing quality, measurement, and consistency.

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Dividend History for Matthews International (NASDAQ:MATW)

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