Matthews International Declares Quarterly Dividend

Rhea-AI Summary

Matthews International (NASDAQ GSM: MATW) has announced a quarterly dividend of $0.24 per share on its common stock. The dividend was declared by the company's Board of Directors during their regularly scheduled meeting on July 24, 2024. Stockholders of record as of August 5, 2024, will be eligible to receive the dividend, which is set to be paid on August 19, 2024. This announcement demonstrates Matthews International's commitment to providing regular returns to its shareholders.

Positive

• Consistent dividend payment indicates financial stability
• Dividend provides income for shareholders

Negative

• None.

PITTSBURGH, July 24, 2024 (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.

The dividend is payable August 19, 2024 to stockholders of record August 5, 2024.

About Matthews International Corporation

Matthews International Corporation is a global provider of industrial technologies, memorialization products and brand solutions. 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 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 SGK Brand Solutions segment is a leading provider of packaging solutions and brand experiences, helping companies simplify their marketing, amplify their brands and provide value. The Company has approximately 12,000 employees in more than 30 countries on six continents that are committed to delivering the highest quality products and services.

Forward-looking Information

Any forward-looking statements contained in this release are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of the Company regarding the future, and may be identified by the use of words such as “expects,” “believes,” “intends,” “projects,” “anticipates,” “estimates,” “plans,” “seeks,” “forecasts,” “predicts,” “objective,” “targets,” “potential,” “outlook,” “may,” “will,” “could” or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company’s actual results in future periods to be materially different from management’s expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company's results to differ materially from the results discussed in such forward-looking statements principally include changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company's products, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company’s operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as supply chain disruptions, labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company's acquisitions and divestitures, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company's internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company's control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine, and other factors described in the Company’s Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission.

Matthews International Corporation
Corporate Office
Two NorthShore Center
Pittsburgh, PA 15212-5851
Phone: (412) 442-8200

	Contact:	Steven F. Nicola	William D. Wilson
		Chief Financial Officer	Senior Director,
		and Secretary	Corporate Development

FAQ

What is the dividend amount declared by Matthews International (MATW) for Q3 2024?

Matthews International (MATW) has declared a quarterly dividend of $0.24 per share on its common stock for Q3 2024.

When is the ex-dividend date for Matthews International's (MATW) Q3 2024 dividend?

The ex-dividend date is not specified in the press release. Typically, it's one business day before the record date, which is August 5, 2024.

What is the payment date for Matthews International's (MATW) latest dividend?

The dividend payment date for Matthews International (MATW) is August 19, 2024.

Who is eligible to receive the Q3 2024 dividend from Matthews International (MATW)?

Stockholders of record as of August 5, 2024, are eligible to receive the Q3 2024 dividend from Matthews International (MATW).