Match Group Inc. (MTCH) To Go Ex-Dividend on July 7th

Match Group Inc. (NASDAQ:MTCHGet Free Report) declared a quarterly dividend on Sunday, May 3rd. Stockholders of record on Tuesday, July 7th will be given a dividend of 0.20 per share by the technology company on Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, July 7th.

Match Group has decreased its dividend payment by an average of 0.7%annually over the last three years. Match Group has a dividend payout ratio of 31.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Match Group to earn $3.49 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 22.9%.

Match Group Stock Performance

Shares of Match Group stock opened at $37.90 on Friday. The business’s fifty day simple moving average is $36.05 and its 200 day simple moving average is $33.26. The firm has a market capitalization of $8.84 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 0.61 and a beta of 1.30. Match Group has a 12 month low of $28.81 and a 12 month high of $39.20.

Match Group (NASDAQ:MTCHGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $863.93 million during the quarter, compared to the consensus estimate of $854.70 million. Match Group had a negative return on equity of 307.45% and a net margin of 18.83%.The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. Analysts predict that Match Group will post 3.11 EPS for the current fiscal year.

About Match Group

(Get Free Report)

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.

Further Reading

Dividend History for Match Group (NASDAQ:MTCH)

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