Matthews International's most recent quarterly dividend was on Feb 2, 2024 (ex-date) with a cash dividend payment of $0.24 per share. On an annualized basis, the company has a current payout of $0.94 per share. This brings the dividend yield to 3.53% based on its recent close price.
MATW has a dividend yield of 3.53% which is above the Industrials sector average. Compared to its Industrials sector average of 1.4%, Matthews International's dividend yield is 152% higher. The historical 5-year average of MATW's dividend yield is 2.7%, which is below the current yield.
Matthews International has been paying dividends since 1995. MATW has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 4.4% for the last year. And since the stock price has gone down by 28% from a year ago, the dividend yield has increased by 46%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 2, 2024 | Feb 19, 2024 | Jan 24, 2024 | $0.24 | normal |
| Nov 24, 2023 | Dec 11, 2023 | Nov 15, 2023 | $0.24 | normal |
| Aug 4, 2023 | Aug 21, 2023 | Jul 26, 2023 | $0.23 | normal |
| May 5, 2023 | May 22, 2023 | Apr 26, 2023 | $0.23 | normal |
| Feb 3, 2023 | Feb 20, 2023 | Jan 25, 2023 | $0.23 | normal |
| Nov 25, 2022 | Dec 12, 2022 | Nov 16, 2022 | $0.23 | normal |
| Aug 5, 2022 | Aug 22, 2022 | Jul 27, 2022 | $0.22 | normal |
| May 6, 2022 | May 23, 2022 | Apr 28, 2022 | $0.22 | normal |
| Feb 4, 2022 | Feb 21, 2022 | Jan 27, 2022 | $0.22 | normal |
| Nov 26, 2021 | Dec 13, 2021 | Nov 17, 2021 | $0.22 | normal |
| Aug 6, 2021 | Aug 23, 2021 | Jul 28, 2021 | $0.215 | normal |
| May 7, 2021 | May 24, 2021 | Apr 28, 2021 | $0.215 | normal |
| Feb 5, 2021 | Feb 22, 2021 | Jan 27, 2021 | $0.215 | normal |
| Nov 27, 2020 | Dec 14, 2020 | Nov 18, 2020 | $0.215 | normal |
| Jul 31, 2020 | Aug 17, 2020 | Jul 23, 2020 | $0.21 | normal |
| May 1, 2020 | May 18, 2020 | Apr 22, 2020 | $0.21 | normal |
| Jan 31, 2020 | Feb 17, 2020 | Jan 23, 2020 | $0.21 | normal |
| Nov 22, 2019 | Dec 9, 2019 | Nov 13, 2019 | $0.21 | normal |
| Aug 2, 2019 | Aug 19, 2019 | Jul 25, 2019 | $0.2 | normal |
| May 3, 2019 | May 20, 2019 | Apr 25, 2019 | $0.2 | normal |
| Feb 1, 2019 | Feb 18, 2019 | Jan 24, 2019 | $0.2 | normal |
| Nov 23, 2018 | Dec 10, 2018 | Nov 15, 2018 | $0.2 | normal |
| Jul 27, 2018 | Aug 13, 2018 | Jul 19, 2018 | $0.19 | normal |
| Apr 27, 2018 | May 14, 2018 | Apr 19, 2018 | $0.19 | normal |
| Feb 2, 2018 | Feb 19, 2018 | Jan 25, 2018 | $0.19 | normal |
| Nov 24, 2017 | Dec 11, 2017 | Nov 16, 2017 | $0.19 | normal |
| Jul 27, 2017 | Aug 14, 2017 | Jul 20, 2017 | $0.17 | normal |
| Apr 27, 2017 | May 15, 2017 | Apr 20, 2017 | $0.17 | normal |
| Feb 2, 2017 | Feb 20, 2017 | Jan 26, 2017 | $0.17 | normal |
| Nov 23, 2016 | Dec 12, 2016 | Nov 17, 2016 | $0.17 | normal |
| Jul 28, 2016 | Aug 15, 2016 | Jul 21, 2016 | $0.15 | normal |
| Apr 28, 2016 | May 16, 2016 | Apr 21, 2016 | $0.15 | normal |
MATW has a payout ratio of 86.2% which is higher than the Industrials sector average. If we compare it with the Industrials sector average of 30.2%, Matthews International's payout ratio is 185% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| MATW Matthews International Corp | 3.53% | $0.94 | 86.2% |
| HI Hillenbrand Inc | 1.9% | $0.89 | 11.4% |
| CSV Carriage Services Inc | 1.9% | $0.45 | 20.1% |
| SCI Service Corp International | 1.65% | $1.15 | 32.2% |
Yes, Matthews International has been paying dividends for the last 29 years.
MATW hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in May 2024.
Matthews International's last regular dividend was on Feb 2, 2024 (ex-date) with the amount of $0.24 per share.
MATW has paid dividend of $0.94 per share in the last year.
Matthews International's current dividend yield is 3.53%.
Matthews International has a quarterly dividend frequency.
Matthews International's dividend payout ratio is 86.2%.
Matthews International's dividend yield is above the Industrials sector average.