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

Matson, Inc. (NYSE:MATXGet 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 (NYSE:MATXGet Free Report) last released its quarterly earnings data on Tuesday, February 24th. The shipping company reported $4.60 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.91. The business had revenue of $851.90 million during the quarter, compared to analyst estimates of $847.30 million. Matson had a return on equity of 16.63% and a net margin of 13.30%.The company’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company posted $3.80 EPS.

Matson Company Profile

(Get Free Report)

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.

See Also

Dividend History for Matson (NYSE:MATX)

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