Matthews International Corporation is a company that has been making burial caskets since 1850 and is based in Pittsburgh, Pennsylvania.
It offers services in three different areas: memorialization, industrial technologies, and brand solutions. The company’s memorabilia division makes a number of things, such as burial vaults, granite memorials, caskets, cremation urns, and equipment for cremation.
The company just announced that battery, fuel cell, and electric vehicle companies will buy more than $200 million worth of its unique energy storage solutions in the first quarter of 2023.
Also, the company’s stock prices have gone up. MATW is now trading at about $35, up from about $28 in October. The company has been around for more than a century, and it has paid dividends for 24 years in a row.
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The stock has a dividend yield of 2.61% and will pay out $0.92 each year.