Matthews International Increases Dividend for 31st Consecutive Year

By Bobby Samwell • Thursday, November 21 15:28 • Permanent Link

Matthews International Corporation (NASDAQ GSM: MATW) has declared a quarterly dividend of $0.25 per share on its common stock, marking an increase in the company's quarterly dividend rate. This is the 31st consecutive annual dividend increase since the company became publicly traded.

The dividend, payable on December 16, 2024, to stockholders of record on December 2, 2024, reflects the company's ongoing confidence in its cash generation and long-term growth strategies.

Matthews International Corporation, a global provider of memorialization products, industrial technologies, and brand solutions, has three segments:

Memorialization: Provides memorialization products, including memorials, caskets, cremation-related products, and cremation and incineration equipment, primarily to cemetery and funeral home customers.

Industrial Technologies: Includes the design, manufacturing, service, and sales of high-tech custom energy storage solutions; product identification and warehouse automation technologies and solutions; and coating and converting lines for various industries.

SGK Brand Solutions: Provides packaging solutions and brand experiences, aiming to simplify marketing, amplify brands, and provide value.

The company employs 11,000 individuals in over 30 countries across six continents.

This dividend increase reflects the company's commitment to rewarding its shareholders and its positive outlook on its financial performance and growth prospects. Today the company's shares have moved 7.1% to a price of $25.8. Check out the company's full 8-K submission here.

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