Matthews International Adapts to Economic Shifts to Support Investor Confidence
Portfolio Pulse from Benzinga Insights
Matthews International (NASDAQ:MATW) is distributing a dividend of $0.24 per share with an annualized yield of 2.46%. The ex-dividend date was November 24, 2023. The company's dividend per share has shown a positive trend from 2019 to 2022, increasing from $0.81 to $0.89. However, earnings per share have decreased from $3.31 in 2019 to $2.88 in 2022, raising concerns about future dividend sustainability. Matthews International's dividend yield is in the middle range compared to industry peers, with Civeo (NYSE:CVEO) having the highest yield at 4.35%.
December 11, 2023 | 3:05 pm
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NEUTRAL IMPACT
Civeo has the highest annualized dividend yield among industry peers at 4.35%, compared to Matthews International's 2.46%.
Civeo's mention as having a higher dividend yield than Matthews International may not have a direct short-term impact on its stock price, but it highlights the company's competitive position in terms of shareholder returns.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Matthews International is distributing a $0.24/share dividend, with a positive trend in dividend per share but a decrease in earnings per share from 2019 to 2022.
The increase in dividend per share reflects a commitment to shareholder returns, which could support the stock price in the short term. However, the decline in earnings per share may raise concerns about the sustainability of future dividends, potentially offsetting positive sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100