Business
MATSON INCREASES QUARTERLY DIVIDEND TO $0.36 PER SHARE
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.
About this update from Matson, Inc.
[{"type":"text","content":"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.","length":406,"tagName":"p"},{"type":"image","alt":"Matson Logo. (PRNewsFoto/Matson)","displaySize":"","headline":null,"caption":"Matson Logo. (PRNewsFoto/Matson)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":90,"url":"https://media.zenfs.com/en/prnewswire.com/6b98e6bd8dc6bb89ee4d3d6bd6db7a8a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/hUiLdSSZwc7_BKqRtqCaXA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE1OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/6b98e6bd8dc6bb89ee4d3d6bd6db7a8a","width":400,"height":90}},"href":"https://mma.prnewswire.com/media/2718985/MATSON_LOGO_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""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."","length":652,"tagName":"p"},{"type":"text","content":"About the Company","length":17,"tagName":"p"},{"type":"text","content":"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 internat...