Matthews International (MATW) will raise its quarterly dividend by 11.8 percent to $0.19 per share in the fourth quarter of 2017. The new dividend yield for MATW is 1.4%.

The increased dividend is payable December 11, 2017 to stockholders of record November27, 2017.

Mr. Bartolacci, President and Chief Executive Officer of MATW, stated: “The Company’s cash flow generation continues to grow, which supports our long-term strategies. This dividend increase is a reflection of our continued confidence in our growth objectives. This represents our 23rd consecutive annual dividend increase since becoming a publicly-traded company.”

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.