Match Group Inc. (MTCH) to Issue Quarterly Dividend of $0.20 on April 21st

Match Group Inc. (NASDAQ:MTCH) announced a quarterly dividend on Monday, February 2nd. Investors of record on Tuesday, April 7th will be paid a dividend of 0.20 per share by the technology company on Tuesday, April 21st. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, April 7th. This is a 5.3% increase from Match Group’s previous quarterly dividend of $0.19.

Match Group has decreased its dividend payment by an average of 0.7%per year over the last three years. Match Group has a payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Match Group to earn $2.82 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 28.4%.

Match Group Price Performance

Shares of NASDAQ:MTCH opened at $31.44 on Friday. The firm has a market cap of $7.31 billion, a P/E ratio of 13.21, a P/E/G ratio of 0.51 and a beta of 1.30. The company’s 50-day moving average price is $30.97 and its two-hundred day moving average price is $32.36. Match Group has a 12 month low of $26.39 and a 12 month high of $39.20.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.17). Match Group had a net margin of 17.59% and a negative return on equity of 289.29%. The business had revenue of $878.01 million for the quarter, compared to analyst estimates of $872.86 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts predict that Match Group will post 2.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MTCH. Bollard Group LLC raised its holdings in Match Group by 0.6% in the 3rd quarter. Bollard Group LLC now owns 54,875 shares of the technology company’s stock valued at $1,938,000 after acquiring an additional 317 shares in the last quarter. True Wealth Design LLC grew its stake in shares of Match Group by 12.8% during the fourth quarter. True Wealth Design LLC now owns 2,813 shares of the technology company’s stock worth $91,000 after buying an additional 320 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Match Group by 8.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock worth $133,000 after acquiring an additional 326 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Match Group by 2.8% during the third quarter. Bessemer Group Inc. now owns 12,281 shares of the technology company’s stock worth $432,000 after purchasing an additional 333 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Match Group by 53.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock valued at $33,000 after acquiring an additional 356 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

About Match Group

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.