Matthews International Declares Quarterly Dividend
24 April 2024 - 10:15PM
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 May 20, 2024 to
stockholders of record May 6, 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 |
Contact: |
Steven F. Nicola |
William D. Wilson |
Corporate Office |
|
Chief Financial Officer |
Senior Director, |
Two NorthShore Center |
|
and Secretary |
Corporate Development |
Pittsburgh, PA 15212-5851 |
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Phone: (412) 442-8200 |
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