20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
At the end of today, December 11, 2023, Matthews International (NASDAQ:MATW) will distribute a dividend payout of $0.24 per share, translating to an annualized dividend yield of 2.46%. Shareholders who held the stock before the ex-dividend date on November 24, 2023 will benefit from this payout.
Matthews International Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-24 | 4 | $0.24 | 2.46% | 2023-11-15 | 2023-11-27 | 2023-12-11 |
| 2023-08-04 | 4 | $0.23 | 1.92% | 2023-07-26 | 2023-08-07 | 2023-08-21 |
| 2023-05-05 | 4 | $0.23 | 2.54% | 2023-04-26 | 2023-05-08 | 2023-05-22 |
| 2023-02-03 | 4 | $0.23 | 2.54% | 2023-01-25 | 2023-02-06 | 2023-02-20 |
| 2022-11-25 | 4 | $0.23 | 3.3% | 2022-11-16 | 2022-11-28 | 2022-12-12 |
| 2022-08-05 | 4 | $0.22 | 3.27% | 2022-07-27 | 2022-08-08 | 2022-08-22 |
| 2022-05-06 | 4 | $0.22 | 2.97% | 2022-04-28 | 2022-05-09 | 2022-05-23 |
| 2022-02-04 | 4 | $0.22 | 2.59% | 2022-01-27 | 2022-02-07 | 2022-02-21 |
| 2021-11-26 | 4 | $0.22 | 2.28% | 2021-11-17 | 2021-11-29 | 2021-12-13 |
| 2021-08-06 | 4 | $0.21 | 2.55% | 2021-07-28 | 2021-08-09 | 2021-08-23 |
| 2021-05-07 | 4 | $0.21 | 1.99% | 2021-04-28 | 2021-05-10 | 2021-05-24 |
| 2021-02-05 | 4 | $0.21 | 2.73% | 2021-01-27 | 2021-02-08 | 2021-02-22 |
When comparing Matthews International's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Civeo (NYSE:CVEO) having the highest annualized dividend yield at 4.35%.
Analyzing Matthews International Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.81 in 2019 to $0.89 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Matthews International
The earnings chart above reveals a decrease in Matthews International's earnings per share, declining from $3.31 in 2019 to $2.88 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
This article provides an in-depth analysis of Matthews International's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.24 per share, resulting in an annualized dividend yield of 2.46%.
When comparing Matthews International's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Civeo having the highest annualized dividend yield at 4.35%.
The rising dividend per share and declining earnings per share of Matthews International from 2019 to 2022 indicate a deliberate choice to prioritize dividend distribution over earnings performance.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Matthews International's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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