MATSON INCREASES QUARTERLY DIVIDEND TO $0.36 PER SHARE

Rhea-AI Summary

Matson (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced a 5.9% increase in its quarterly dividend to $0.36 per share, up from $0.34 previously. The dividend will be paid on September 4, 2025 to shareholders of record as of August 7, 2025.

This marks Matson's thirteenth consecutive annual dividend increase, reflecting the company's strong business performance and confidence in future free cash flow growth. The company maintains a disciplined capital allocation strategy, prioritizing dividend payments, maintenance capital, and growth investments while maintaining an investment grade balance sheet.

Positive

• Increased quarterly dividend by 5.9% to $0.36 per share
• 13th consecutive annual dividend increase demonstrates consistent shareholder returns
• Strong free cash flow growth outlook
• Maintains investment grade balance sheet

Negative

• None.

HONOLULU, June 26, 2025 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has declared a third quarter dividend of $0.36 per common share. The dividend represents a two-cent, or 5.9%, increase over the previous quarter's dividend and will be paid on September 4, 2025 to all shareholders of record as of the close of business on August 7, 2025.

"This announcement marks the thirteenth consecutive annual increase to Matson's quarterly dividend," said Matt Cox, Matson's Chairman and Chief Executive Officer. "The increase reflects the strength of our business and confidence in our long-term free cash flow growth. We will continue to be disciplined in our approach to capital allocation and are committed to the return of excess capital to shareholders through the execution of share repurchases after funding our dividend, supporting our operations with maintenance capital, and investing in growth opportunities, while maintaining an investment grade balance sheet."

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 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.

Forward Looking Statements

Statements in this news release that are not historical facts are "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to, statements about free cash flow growth, capital allocation plans and the timing, manner and volume of repurchases of common shares pursuant to the repurchase program. These forward-looking statements are not guarantees of future performance. This release should be read in conjunction with our Annual Report on Form 10-K and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release. We do not undertake any obligation to update our forward-looking statements.

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SOURCE Matson, Inc.

FAQ

What is Matson's new quarterly dividend amount for Q3 2025?

Matson's new quarterly dividend is $0.36 per share, representing a 5.9% increase from the previous quarter.

When will MATX shareholders receive the Q3 2025 dividend payment?

The dividend will be paid on September 4, 2025 to shareholders of record as of August 7, 2025.

How many consecutive years has Matson increased its dividend?

This marks Matson's thirteenth consecutive annual increase to its quarterly dividend.

What is Matson's capital allocation strategy?

Matson prioritizes dividend payments, supports operations with maintenance capital, invests in growth opportunities, executes share repurchases, and maintains an investment grade balance sheet.