Matthews International Corporation ($MATW) To Go Ex-Dividend On November 27, 2020

Matthews International Corporation (NASDAQ:MATW) will begin trading ex-dividend on November 27, 2020. The quarterly dividend payment of $ 0.215 per share is scheduled to be paid on December 14, 2020. The dividend yield based on the latest trading day closing price was 3.04 percent. Shareholders who purchased MATW shares prior to the ex-dividend date are eligible for the cash dividend payment.

Dividends History

Click Here For More Historical Dividends Of Matthews International Corporation

Matthews International Corporation recently reported third quarter financial results on July 30, 2020, after market close, the Pittsburgh based company came out with income for the third quarter of $ 0.80 per share, from the revenue of $ 359.42 million. The quarterly earnings dropped 11.11 percent compared with the same quarter last year. The consensus estimates are income of $ 0.63 per share from $ 353.29 million in revenue. The bottom line results beat street analysts by $ 0.17 or 26.98 percent, at the same time, top line results outshined analysts by $ 6.13 million or 1.74 percent.

Stock Performance

Shares of Matthews International Corporation traded low $ -0.20 or -0.70 percent on Thursday, reaching $ 28.32 with volume of 164.10 thousand shares. Matthews International Corporation has traded high as $ 28.61 and has cracked $ 27.46 on the downward trend

According to the previous trading day, closing price of $ 28.32, representing a 67.67 % increase from the 52 week low of $ 17.01 and a 29.34 % decrease over the 52 week high of $ 40.36.

The company has a market capital of $ 885.42 million and is part of the Industrials sector and Conglomerates industry.

Matthews International Corporation provides brand solutions, memorialization products, and industrial products worldwide. The companys 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. This segment also produces digital packaging artwork files, and pre-media graphics services for print and digital channels, as well as image carriers comprising printing plates and gravure cylinders; and develops digital tools.