MATSON ANNOUNCES QUARTERLY DIVIDEND OF $0.30 PER SHARE

Rhea-AI Summary

The Board of Directors of Matson, a leading U.S. ocean carrier, has declared a $0.30 per common share dividend for the second quarter of 2022. This dividend will be payable on June 2, 2022, to shareholders who are on record by the close of business on May 12, 2022. Matson has been providing essential transportation and logistics services since 1882, connecting the U.S. mainland with Hawaii, Alaska, Guam, and beyond.

Positive

• Dividend of $0.30 per share announced for Q2 2022.
• Dividend payment date set for June 2, 2022, displaying company confidence.

Negative

• None.

News Market Reaction

-3.19%

1 alert

-3.19% News Effect

On the day this news was published, MATX declined 3.19%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HONOLULU, April 28, 2022 /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 $0.30 per common share.  The dividend will be paid on June 2, 2022 to all shareholders of record as of the close of business on May 12, 2022.  

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 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 North America.  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.

FAQ

What is the dividend amount declared by Matson (MATX) for Q2 2022?

Matson declared a dividend of $0.30 per share for Q2 2022.

When will Matson (MATX) pay the declared dividend?

The dividend will be paid on June 2, 2022.

What is the record date for Matson's (MATX) Q2 2022 dividend?

The record date for the dividend is May 12, 2022.

How often does Matson (MATX) declare dividends?

Matson typically declares dividends quarterly.

Is the dividend from Matson (MATX) sustainable?

The sustainability of Matson's dividend depends on the company's financial performance and cash flow.