Matthews International (MATW) will raise its quarterly dividend by 18.2 percent to $0.13 per share in the fourth quarter of 2014. The company has now raised its dividend for 20 consecutive years.

Matthews International now has an indicated dividend yield of 1.1%.  The new dividend represents an annual rate of $0.52 per share. The dividend is payable December 8, 2014 to stockholders of record November 24, 2014.

Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery services. The Memorialization segment is a provider of memorialization products, including memorials, caskets and cremation equipment, primarily to cemetery and funeral home customers. The Industrial Technologies segment designs, manufactures and distributes marking, coding and industrial automation technologies and solutions. The company was founded in 1850 and incorporated in Pennsylvania in 1902.