Matthews International Corporation declared a $0.25 dividend per share, payable on February 24, 2025.
Quiver AI Summary
Matthews International Corporation announced that its Board of Directors has declared a dividend of $0.25 per share for its common stock, which will be paid on February 24, 2025, to shareholders recorded on February 10, 2025. The company, a global provider of industrial technologies, memorialization products, and brand solutions, operates across three main segments: Industrial Technologies, Memorialization, and SGK Brand Solutions. With over 11,000 employees in more than 30 countries, Matthews International focuses on delivering high-quality products and services. The press release also includes forward-looking statements that may be subject to various risks and uncertainties affecting the company's future performance.
Potential Positives
- Matthews International Corporation declared a dividend of $0.25 per share, indicating financial stability and a commitment to returning value to shareholders.
- The dividend is set to be paid to stockholders of record on February 10, 2025, demonstrating the company's reliable cash flow and positive outlook for continued operations.
Potential Negatives
- The announcement includes a significant disclaimer about forward-looking statements, highlighting potential risks and uncertainties that may affect the company's future performance.
- The mention of the company's dispute with Tesla, Inc. raises concerns about ongoing legal challenges that could impact the company's reputation and operations.
- The press release outlines numerous external factors, such as economic conditions and supply chain disruptions, that could materially affect the company's results, indicating vulnerability in its business model.
FAQ
What is the dividend amount declared by Matthews International Corporation?
The Board of Directors declared a dividend of $0.25 per share on the Company’s common stock.
When will the dividend be payable to stockholders?
The dividend is payable on February 24, 2025, to stockholders of record on February 10, 2025.
What segments does Matthews International Corporation operate in?
The company operates in Industrial Technologies, Memorialization, and SGK Brand Solutions segments.
Where is Matthews International Corporation headquartered?
The corporate office is located in Pittsburgh, PA, at Two NorthShore Center.
How many employees does Matthews International Corporation have?
The company employs over 11,000 people across more than 30 countries on six continents.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MATW Hedge Fund Activity
We have seen 64 institutional investors add shares of $MATW stock to their portfolio, and 87 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD GROUP INC removed 153,625 shares (-4.3%) from their portfolio in Q3 2024, for an estimated $3,564,100
- SELECT EQUITY GROUP, L.P. removed 144,012 shares (-78.4%) from their portfolio in Q3 2024, for an estimated $3,341,078
- POLAR ASSET MANAGEMENT PARTNERS INC. added 120,394 shares (+inf%) to their portfolio in Q3 2024, for an estimated $2,793,140
- SEIZERT CAPITAL PARTNERS, LLC removed 102,662 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $2,381,758
- AMERIPRISE FINANCIAL INC added 92,161 shares (+5.8%) to their portfolio in Q3 2024, for an estimated $2,138,135
- PROSHARE ADVISORS LLC added 79,610 shares (+35.4%) to their portfolio in Q3 2024, for an estimated $1,846,952
- QUINN OPPORTUNITY PARTNERS LLC added 78,306 shares (+443.2%) to their portfolio in Q3 2024, for an estimated $1,816,699
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Full Release
PITTSBURGH, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced that its Board of Directors declared, at its regularly scheduled meeting today, a dividend of $0.25 per share on the Company’s common stock.
The dividend is payable February 24, 2025 to stockholders of record February 10, 2025.
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 sales 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 over 11,000 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, the outcome of the Company’s dispute with Tesla, Inc. (“Tesla”), 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 | ||
Chief Financial Officer | |||
and Secretary |