Matthews International Declares Quarterly Dividend
30 January 2025 - 8:15AM
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 CorporationCorporate
OfficeTwo NorthShore CenterPittsburgh, PA 15212-5851Phone: (412)
442-8200
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Contact: |
Steven F. Nicola |
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Chief Financial Officer |
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and Secretary |
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