Matson, Inc. (NYSE:MATX – Get Free Report) announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Thursday, May 7th will be given a dividend of 0.36 per share by the shipping company on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, May 7th.
Matson has raised its dividend by an average of 0.1%per year 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% meaning its dividend is sufficiently covered by earnings.
Matson Stock Performance
MATX opened at $170.28 on Friday. The firm has a market cap of $5.18 billion, a PE ratio of 12.21 and a beta of 1.33. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $164.31 and a 200-day simple moving average of $136.34. Matson has a fifty-two week low of $86.97 and a fifty-two week high of $180.21.
Matson Company Profile
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.
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