MATSON ANNOUNCES QUARTERLY DIVIDEND of $0.32 PER SHARE

Rhea-AI Summary

Matson, Inc. (NYSE: MATX) declares a fourth quarter dividend of $0.32 per common share.

Positive

• Matson, Inc. declares a dividend of $0.32 per common share for the fourth quarter.

Negative

• None.

HONOLULU, Hawaii, Oct. 26, 2023 /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 $0.32 per common share.  The dividend will be paid on December 7, 2023 to all shareholders of record as of the close of business on November 9, 2023.  

About the Company

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services.  Matson provides a vital lifeline of ocean freight transportation services 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 ports in Alaska 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 and Asia.  Its integrated, asset-light logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska.  Additional information about the Company is available at www.matson.com.

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SOURCE Matson, Inc.

FAQ

When will the dividend be paid?

The dividend will be paid on December 7, 2023.

What is the dividend amount?

The dividend amount is $0.32 per common share.

Who is eligible for the dividend?

All shareholders of record as of November 9, 2023, are eligible for the dividend.