MATSON ANNOUNCES QUARTERLY DIVIDEND OF $0.31 PER SHARE

Rhea-AI Summary

Matson, Inc. (NYSE: MATX) has declared a fourth quarter dividend of $0.31 per common share, payable on December 1, 2022. Shareholders of record as of November 10, 2022, will receive this dividend, demonstrating the company's commitment to returning value to its investors. Matson continues to be a significant player in the U.S. Pacific shipping market, providing essential services to Hawaii, Alaska, Guam, and more. This dividend marks a consistent return on investment for shareholders.

Positive

• Dividend of $0.31 per share demonstrates shareholder value.
• Dividends to be paid consistently on December 1, 2022.

Negative

• None.

HONOLULU, Oct. 27, 2022 /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 $0.31 per common share. The dividend will be paid on December 1, 2022 to all shareholders of record as of the close of business on November 10, 2022.

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 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 North America. 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.

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SOURCE Matson, Inc.

FAQ

What is the dividend amount for Matson, Inc. (MATX) announced on October 27, 2022?

The dividend amount announced is $0.31 per common share.

When will Matson, Inc. (MATX) pay its fourth quarter dividend?

The fourth quarter dividend will be paid on December 1, 2022.

What is the record date for Matson, Inc. (MATX) dividend?

The record date for the dividend is November 10, 2022.

How often does Matson, Inc. (MATX) pay dividends?

Matson typically pays dividends quarterly.