MATSON ANNOUNCES QUARTERLY DIVIDEND OF $0.31 PER SHARE

Rhea-AI Summary

Matson, Inc. (NYSE: MATX) has declared a first quarter dividend of $0.31 per common share, set to be paid on March 2, 2023. Shareholders of record as of the close of business on February 9, 2023 will receive this dividend. Founded in 1882, Matson is a key player in ocean transportation and logistics services, primarily serving Hawaii, Alaska, Guam, and various island economies in Micronesia. The company's extensive fleet includes containerships and specialized vessels, enhancing its logistics network across North America.

Positive

• Dividend declared at $0.31 per share, signaling strong shareholder returns.
• Payment date set for March 2, 2023, encourages investor confidence.

Negative

• None.

News Market Reaction

+1.64%

1 alert

+1.64% News Effect

On the day this news was published, MATX gained 1.64%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HONOLULU, Jan. 26, 2023 /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 $0.31 per common share. The dividend will be paid on March 2, 2023 to all shareholders of record as of the close of business on February 9, 2023.

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 announced by Matson, Inc. for Q1 2023?

Matson, Inc. has declared a dividend of $0.31 per common share for Q1 2023.

When will Matson's Q1 2023 dividend be paid?

The dividend will be paid on March 2, 2023.

What is the record date for Matson's Q1 2023 dividend?

The record date for the dividend is February 9, 2023.

How often does Matson, Inc. pay dividends?

Matson typically pays dividends quarterly, as evident in their recent announcement.