Published on 28 Apr 2024 on Simply Wall St. via Yahoo Finance

Why It Might Not Make Sense To Buy Matthews International Corporation (NASDAQ:MATW) For Its Upcoming...

It looks like Matthews International Corporation (NASDAQ:MATW) is about to go ex-dividend in the next four days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Therefore, if you purchase Matthews International's shares on or after the 3rd of May, you won't be eligible to receive the dividend, when it is paid on the 20th of May.

The company's next dividend payment will be US$0.24 per share, on the back of last year when the company paid a total of US$0.96 to shareholders. Based on the last year's worth of payments, Matthews International has a trailing yield of 3.5% on the current stock price of US$27.15. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.