Match Group initiates dividend of 19c per share, announces $1.5B share buyback

Match Group (MTCH) will host its inaugural Investor Day, with executives outlining the company’s strategic priorities and vision for the future, along with its medium-term financial outlook, capital allocation priorities, and total shareholder return algorithm. In conjunction with Investor Day, the company announced initiatives to return capital to shareholders, including initiation of a cash dividend program and a new $1.5B share buyback authorization. The company announced its Board of Directors has declared a cash dividend of 19c per share of outstanding common stock, payable on January 21, 2025 to shareholders of record as of the close of business on January 6, 2025. The Board of Directors also authorized the repurchase of up to an additional $1.5B in aggregate value of shares of Match Group common stock, which will take effect when the existing share repurchase authorization, of which $247M in aggregate value of shares of Match Group common stock remains available, is exhausted.