Matson Announces Quarterly Dividend Of $0.23 Per Share
The Board of Directors of Matson (NYSE: MATX) has declared a $0.23 per common share dividend for the first quarter of 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
The Board of Directors of Matson (NYSE: MATX) has declared a $0.23 per common share dividend for the first quarter of 2021. This dividend will be distributed on March 4, 2021, to shareholders on record as of February 11, 2021. Matson, founded in 1882, is a leading provider of ocean transportation and logistics services in the Pacific, serving vital domestic non-contiguous economies including Hawaii, Alaska, and Guam. The company's operations extend to Asia and other Pacific islands, showcasing its extensive transportation network.
Positive
- Dividend of $0.23 per share signals financial health and commitment to returning value to shareholders.
- Continuing strong operations across key markets supports growth and stability.
Negative
- None.
Details
News Market Reaction – MATX
The recorded move for MATX in the trading session of this news was -3.58%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HONOLULU, Jan. 28, 2021 /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
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.
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