MATSON ANNOUNCES QUARTERLY DIVIDEND OF $0.32 PER SHARE

Rhea-AI Summary

Matson, Inc. (MATX) has declared a first quarter dividend of $0.32 per common share, to be paid on March 7, 2024, to shareholders of record as of February 8, 2024.

Insights

Financial Analyst

The announcement of a quarterly dividend by Matson, Inc. represents a significant event for shareholders and potential investors. The declared dividend of $0.32 per common share is a concrete figure that can be used to calculate the dividend yield, which is a key indicator of the company's ability to generate income for its shareholders. Investors often look at the dividend yield in comparison to that of other companies in the same sector to gauge relative performance and investment attractiveness.

Furthermore, the timing of the dividend payment and the record date are essential for investors to understand in order to be eligible for the dividend payout. The short-term implications include potential short-term price movements around the ex-dividend date, as investors may buy into the stock to receive the dividend, which can sometimes lead to an increase in the stock price.

Market Research Analyst

The dividend declaration by Matson, Inc. can serve as an indicator of the company's financial health and stability. Consistent dividend payments suggest a steady cash flow and a commitment to returning value to shareholders. In the context of the shipping industry, which can be highly cyclical and subject to market volatility, a stable dividend may signal confidence from the board in the company's operational resilience and long-term strategy.

It's also important to consider the dividend in the context of the company's payout ratio, which is the proportion of earnings paid out as dividends to shareholders. An optimal payout ratio indicates that the company is balancing its reinvestment in growth with its shareholder returns, which is a positive sign for long-term sustainability.

HONOLULU, Jan. 25, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a first quarter dividend of $0.32 per common share. The dividend will be paid on March 7, 2024 to all shareholders of record as of the close of business on February 8, 2024.  

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

What is the dividend amount declared by Matson, Inc. (MATX)?

Matson, Inc. (MATX) has declared a first quarter dividend of $0.32 per common share.

When will the dividend be paid by Matson, Inc. (MATX)?

The dividend will be paid on March 7, 2024.

Who are eligible to receive the dividend from Matson, Inc. (MATX)?

The dividend will be paid to all shareholders of record as of the close of business on February 8, 2024.