Matthews International's Ex-Dividend Date Is Friday, Here's What You Need To Know

Matthews International Corporation Class A -1.62%

Matthews International Corporation Class A

MATW

29.22

-1.62%

Thursday marks the last chance for investors to receive the next dividend payout from Matthews International (NASDAQ:MATW).

What's Happening

The company announced on Wednesday that it would pay shareholders a quarterly dividend of 24 cents per share. On Friday, Matthews International will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 24 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own MATW as of the end of Thursday's session are eligible to receive the 24 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on February 19, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

Monitor live stock price updates for Matthews International on Benzinga.

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