Matthews International (MATW) will raise its quarterly dividend to $0.17 per share. The dividend is payable December 12, 2016 to stockholders of record November 28, 2016.

Mr. Bartolacci, President and Chief Executive Officer, stated: "This represents our 22nd consecutive annual dividend increase since becoming a publicly-traded company and reflects the continued growth of Matthews, another year of record performance in fiscal 2016, strong cash generation, and the ongoing success of our acquisition integration efforts. With this increase, we have almost doubled our dividend in the last five years."

Today's increase indicates an annualized rate of $0.68 per common share and a yield of approximately 1.0% based on the $68.35 closing price on November 17, 2016.

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.