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News Breaks
January 17, 2013
16:12 EDTMATWMatthews reaffirms FY13 adjusted EPS view $2.45-$2.55, consensus $2.49
News For MATW From The Last 14 Days
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November 17, 2014
10:12 EDTMATWMatthews announces favorable settlement in Batesville Casket litigation
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November 13, 2014
16:26 EDTMATWMatthews raises dividend 18% to 13c per share
The board of directors of Matthews declared at its regularly scheduled meeting a dividend of 13c per share on the company's common stock for the quarter ended September 30, representing an increase of 18.2% and a dividend yield of 1.1% based on the closing price of the company's common stock today. The dividend is payable December 8 to stockholders of record November 24. CEO Joseph Bartolacci said, "The company's operating cash flow remains strong, which was even further supported by the incremental earnings contribution of SGK, as reflected in our adjusted earnings per share of $2.74. As a result of our cash flow, we have already begun to repay the borrowings incurred for the acquisition. As of September 30, 2014, we repaid $20M of these borrowings. In addition, following closing of the transaction, we re-initiated our stock repurchase program and repurchased over 100,000 shares of our common stock in the last two months of the recent quarter. Further, due to our confidence in the company's operating cash flow model going forward, the Board raised our quarterly dividend rate by 18%."
16:22 EDTMATWMatthews reports Q4 adjuted EPS 82c, consensus 76c
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