Matthews International (MATW) will raise its quarterly dividend by 5.0 percent to $0.21 per share in 2019. This is the 25th consecutive year of annual dividend increases by the brand solutions and memorialization products provider.

The next dividend is payable December 9, 2019 to stockholders of record November 25, 2019. A new annual rate of 84 cents per share yields 2.4% a stock price of $34.71.

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.