Matson Announces Quarterly Dividend of $0.23 Per Share
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Rhea-AI Summary
The Board of Directors of Matson, a leading U.S. carrier in the Pacific, has declared a second quarter dividend of $0.23 per common share. This dividend will be paid on June 3, 2021, to shareholders on record as of May 6, 2021. Matson provides vital ocean transportation and logistics services primarily to Hawaii, Alaska, and Guam, alongside premium services from China to California and various South Pacific islands. Founded in 1882, Matson also operates logistics services across the continental U.S.
Positive
- Declared a quarterly dividend of $0.23 per share, indicating financial confidence.
Negative
- None.
Details
News Market Reaction – MATX
The recorded move for MATX in the trading session of this news was +0.76%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HONOLULU, April 22, 2021 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a second 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.
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SOURCE Matson, Inc.
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