Matthews International's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Matthews International (NASDAQ:MATW) announced a quarterly dividend of 24 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, which will be paid on February 19, 2024. The stock is expected to open 24 cents lower on the ex-dividend date.
January 30, 2024 | 2:45 pm
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Matthews International will pay a quarterly dividend of $0.24/share, with shares likely to open lower by the dividend amount on the ex-dividend date.
Stocks typically drop by the amount of the dividend on the ex-dividend date as the dividend payment is factored into the stock price. MATW is expected to open lower by the dividend amount, which is a common occurrence and usually temporary. The importance is moderate as dividends are a regular part of the stock's investment appeal, and the confidence in this analysis is high due to the predictable nature of ex-dividend price movements.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100