Match Group Inc. Declares Quarterly Dividend of $0.20 (NASDAQ:MTCH)

Key Points

• Match Group declared a quarterly dividend of $0.20 per share (annualized $0.80) with an ex‑dividend/record date of July 7 and payment on July 21, implying a yield of about 2.2%.
• In the most recent quarter Match Group beat estimates, reporting $0.68 EPS vs. $0.61 expected and revenue of $863.93M, up 3.9% year‑over‑year.
• The dividend appears well covered with a current payout ratio of 31.4% and analysts forecast $3.42 in EPS next year (implying a projected payout ratio ~23.4%); consensus broker rating is a Hold with an average price target of $38.38.

Match Group Inc. (NASDAQ:MTCH - Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, July 7th will be paid a dividend of 0.20 per share by the technology company on Tuesday, July 21st. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, July 7th.

Match Group has decreased its dividend by an average of 0.7%annually over the last three years. Match Group has a payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Match Group to earn $3.42 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 23.4%.

Match Group Stock Down 2.9%

NASDAQ:MTCH opened at $36.57 on Wednesday. The firm has a market cap of $8.51 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 0.62 and a beta of 1.36. Match Group has a 12 month low of $26.80 and a 12 month high of $39.20. The company's 50-day moving average price is $32.54 and its two-hundred day moving average price is $32.34.

Match Group (NASDAQ:MTCH - Get Free Report) last posted its earnings results 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. Match Group had a net margin of 17.59% and a negative return on equity of 289.29%. The company had revenue of $863.93 million during the quarter, compared to analysts' expectations of $854.70 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. Match Group's quarterly revenue was up 3.9% compared to the same quarter last year. On average, research analysts expect that Match Group will post 3.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MTCH shares. Citigroup reaffirmed a "neutral" rating on shares of Match Group in a report on Wednesday. Barclays restated an "overweight" rating on shares of Match Group in a research report on Wednesday. The Goldman Sachs Group reiterated a "buy" rating on shares of Match Group in a report on Wednesday. UBS Group reissued a "neutral" rating and set a $38.00 price objective on shares of Match Group in a report on Wednesday. Finally, Weiss Ratings raised shares of Match Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, April 22nd. Seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $38.38.

Match Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.