Boosting shareholder payouts for increased returns

  • Matthews International increases quarterly dividend by 4.3%
  • Dividend payout raised to 24 cents per share
  • Annual dividend now at 96 cents per share
  • Dividend yield of 2.5% based on closing price

Matthews International has announced a 4.3% increase in its quarterly dividend payout to shareholders. The company’s board of directors approved the raise, bringing the dividend to 24 cents per share, up from 23 cents. This new payout, amounting to 96 cents annually, represents a dividend yield of 2.5% based on the company’s closing price of $38.08 per share. Shareholders can expect to receive the dividend on December 11th.

Factuality Level: 8
Factuality Justification: The article provides factual information about Matthews International increasing its quarterly payout to shareholders by 4.3% and declaring a dividend of 24 cents a share. It also includes the company’s closing price and the yield based on that price. The information is straightforward and does not contain any irrelevant or misleading information. However, it lacks additional context or analysis.
Noise Level: 7
Noise Justification: The article provides basic information about Matthews International increasing its quarterly payout to shareholders. However, it lacks any analysis or insights into the long-term trends or consequences of this decision. It also does not provide any evidence or data to support its claims. Overall, the article is mostly filler content and lacks intellectual rigor.
Financial Relevance: Yes
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: This news article pertains to financial topics as it discusses Matthews International’s decision to increase its quarterly payout to shareholders.
Public Companies: Matthews International (Unknown)
Key People:

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