Match Group Inc. (NASDAQ:MTCH – Get 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.
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.
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