Matthews International (MATW) will raise its quarterly dividend by 15.4 percent to $0.15 per share in the fourth quarter of 2015. This will mark the 21st consecutive year of dividend increases by MATW.

The increased dividend will be paid on December 7, 2015 to stockholders of record on November 23, 2015.

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.