Match Group Inc. (NASDAQ:MTCH) Shares Will Pay Quarterly Dividend of $0.20

Match Group Inc. (NASDAQ:MTCH) announced a quarterly dividend on Monday, November 2nd. Investors of record on Wednesday, January 6th will be given a dividend of $0.20 per share by the technology company on Thursday, January 21st. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, January 6th.

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% meaning its dividend is sufficiently covered by earnings. Analysts expect Match Group to earn $4.03 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 19.9%.

Match Group Price Performance

Shares of NASDAQ MTCH traded down $3.33 during trading hours on Tuesday, reaching $38.74. The stock had a trading volume of 3,811,394 shares, compared to its average volume of 3,992,394. The business’s fifty day moving average is $42.28 and its two-hundred day moving average is $36.54. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.63 and a beta of 1.43. Match Group has a twelve month low of $28.81 and a twelve month high of $46.67.

Match Group (NASDAQ:MTCH) last issued its earnings results on Monday, November 2nd. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $891.23 million during the quarter, compared to analysts’ expectations of $892.45 million. Match Group had a negative return on equity of 324.82% and a net margin of 20.17%. Match Group’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 EPS. Sell-side analysts forecast that Match Group will post 3.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on MTCH. Morgan Stanley set a $40.00 price objective on Match Group in a report on Wednesday, August 5th. JPMorgan Chase & Co. began coverage on Match Group in a report on Monday, August 24th. They issued a “neutral” rating and a $43.00 price target on the stock. Needham & Company LLC raised Match Group to a “buy” rating in a report on Tuesday. TD Cowen lifted their price target on shares of Match Group from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, October 27th. Finally, Wall Street Zen downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.21.

About Match Group

Match Group, Inc is a global provider of online dating and social discovery services. The company operates a portfolio of dating applications and websites designed to help people form relationships, including Tinder, Hinge, Match, Meetic, OkCupid, Plenty of Fish, BLK, Chispa and The League.

Its platforms serve users across a broad range of geographies and relationship preferences. Match Group generates revenue primarily through paid subscriptions, premium features, à la carte purchases and advertising.