Matson Announces Quarterly Dividend of $0.23 Per Share

Rhea-AI Summary

Matson, Inc. (NYSE: MATX) has declared a $0.23 quarterly dividend per common share, payable on December 3, 2020. Shareholders of record as of November 12, 2020 will receive this dividend, reflecting the company’s commitment to returning value to its investors. Founded in 1882, Matson is a prominent provider of ocean transportation and logistics services, serving several non-contiguous U.S. economies and international destinations.

Positive

• Quarterly dividend of $0.23 per share demonstrates strong shareholder return.
• Payment date set for December 3, 2020, providing timely income to investors.

Negative

• None.

HONOLULU, Oct. 29, 2020 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a fourth quarter dividend of $0.23 per common share.  The dividend will be paid on December 3, 2020 to all shareholders of record as of the close of business on November 12, 2020.

About the Company

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services.  Matson provides a vital lifeline to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.  Matson also operates two premium, expedited services from China to Long Beach, California, provides service to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Dutch Harbor to Asia.  The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges.  Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout the continental U.S.  Its integrated, asset-light logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, Asia supply chain services, and forwarding to Alaska.  Additional information about the Company is available at www.matson.com.

Investor Relations inquiries: Lee Fishman Matson, Inc. 510.628.4227 lfishman@matson.com

News Media inquiries: Keoni Wagner Matson, Inc. 510.628.4534 kwagner@matson.com

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SOURCE Matson, Inc.

FAQ

What is the dividend amount announced by Matson (MATX)?

Matson (MATX) announced a dividend of $0.23 per share.

When will Matson's dividend be paid?

The dividend will be paid on December 3, 2020.

What is the record date for Matson's dividend?

The record date for the dividend is November 12, 2020.

How does the dividend impact Matson's shareholders?

The dividend provides a direct income stream to shareholders, reflecting the company's confidence.