Matson, Inc. Plans Quarterly Dividend of $0.36 (NYSE:MATX)

Matson, Inc. (NYSE:MATX) declared a quarterly dividend on Thursday, January 22nd. Shareholders of record on Thursday, February 5th will be paid a dividend of 0.36 per share by the shipping company on Thursday, March 5th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, February 5th.

Matson has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. Matson has a payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Matson to earn $10.21 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 14.1%.

Matson Trading Down 0.9%

Shares of Matson stock traded down $1.39 during trading on Friday, hitting $158.91. The stock had a trading volume of 317,624 shares, compared to its average volume of 333,390. Matson has a 1 year low of $86.97 and a 1 year high of $162.23. The stock has a 50 day simple moving average of $122.72 and a 200 day simple moving average of $110.43. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $4.95 billion, a PE ratio of 12.09 and a beta of 1.33.

Matson (NYSE:MATX) last issued its quarterly earnings results on Tuesday, November 4th. The shipping company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.25 by $0.99. Matson had a net margin of 12.70% and a return on equity of 16.23%. The business had revenue of $880.10 million during the quarter, compared to the consensus estimate of $837.72 million. During the same quarter in the prior year, the firm earned $5.89 EPS. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. On average, research analysts expect that Matson will post 13.27 EPS for the current fiscal year.

About Matson

Matson, Inc (NYSE: MATX) is a U.S.-based provider of ocean transportation and supply chain logistics services with a focus on Pacific trade lanes. The company operates a fleet of container ships that regularly service Hawaii, Alaska, Guam, Micronesia and other Pacific islands, as well as mainland U.S. ports. Matson’s ocean transportation segment offers scheduled liner services, expedited shipping options and specialized project cargo handling for industries ranging from retail to heavy machinery.

In addition to its core liner operations, Matson offers ocean transportation services between Asia and the U.S.