Matthews International, parent company of Matthews Aurora Caskets, Matthews Cemetery Products, and Matthews Environmental Solutions (cremation products) announced yesterday that they will be increasing the dividend that they pay on common shares of their stock by $0.01 per quarter.

That will increase the dividend to $0.25 per share per quarter or $1.00 per year.  The announcement marks the 31st consecutive year that Matthews International has increased its dividend amount.

With the closing price of Matthews International stock at $24.09 per share on Wednesday, November 20, that means that a $1.00 per share dividend would be equal to an annualized yield of 4.15% as of yesterday’s closing price.

In this short press release on the matter, here’s what Matthews International CEO Joseph Bartolacci had to say, “Consistent with our long-term practice, we are pleased to announce another annual increase in our dividend for fiscal 2025. This reflects our ongoing confidence in the Company’s cash generation and long-term growth strategies.”

Matthews International is scheduled to report the company’s 4th Quarter and Fiscal Year 2024 results at the close of markets today (November 21, 2024).

Here is a history of Matthews International dividend payments per Seeking Alpha.

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