MATW - Matthews International Increases Quarterly Dividend | Benzinga
PITTSBURGH, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.24 per share on the Company's common stock, representing an increase to the Company's quarterly dividend rate.
Joseph C. Bartolacci, President and Chief Executive Officer, stated: "We continue to maintain a strong cash flow profile facilitating ongoing support of our long-term growth objectives. This represents our 30th consecutive annual dividend increase since becoming a publicly-traded company."
The dividend is payable December 11, 2023 to stockholders of record November 27, 2023.
About Matthews International Corporation
Matthews International Corporation is a global provider of memorialization products, industrial technologies, and brand solutions. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets, cremation-related products, and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. The Industrial Technologies segment includes the design, manufacturing, service and distribution of high-tech custom energy storage solutions; product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products; and coating and converting lines for the packaging, pharma, foil, décor and tissue industries. The SGK Brand Solutions segment is a leading provider of packaging solutions and brand experiences, helping companies simplify their marketing, ...