MATSON ANNOUNCES QUARTERLY DIVIDEND OF $0.34 PER SHARE

Rhea-AI Summary

Matson (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced its fourth quarter dividend. The company's Board of Directors has declared a dividend of $0.34 per common share, which will be distributed on December 5, 2024. Shareholders must be on record by the close of business on November 7, 2024 to receive this payment.

Positive

• Consistent dividend payment demonstrates financial stability
• Maintaining quarterly dividend of $0.34 per share indicates steady shareholder returns

Negative

• None.

HONOLULU, Oct. 24, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has declared a fourth quarter dividend of $0.34 per common share. The dividend will be paid on December 5, 2024 to all shareholders of record as of the close of business on November 7, 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 Matson's dividend amount for Q4 2024?

Matson (MATX) declared a dividend of $0.34 per common share for the fourth quarter of 2024.

When will Matson (MATX) pay its Q4 2024 dividend?

Matson will pay its fourth quarter dividend on December 5, 2024.

What is the record date for Matson's Q4 2024 dividend?

The record date for Matson's Q4 2024 dividend is November 7, 2024, at the close of business.

How much will Matson (MATX) shareholders receive per share in Q4 2024?

Matson shareholders will receive $0.34 per common share for the fourth quarter of 2024.