Matson, Inc. (NYSE:MATX) Plans Quarterly Dividend of $0.38

Matson, Inc. (NYSE:MATXGet Free Report) announced a quarterly dividend on Thursday, June 25th. Shareholders of record on Thursday, August 6th will be given a dividend of 0.38 per share by the shipping company on Thursday, September 3rd. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, August 6th. This is a 5.6% increase from Matson’s previous quarterly dividend of $0.36.

Matson has increased its dividend payment by an average of 0.1%annually over the last three years and has increased 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 research analysts expect Matson to earn $14.87 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 9.7%.

Matson Stock Performance

Shares of MATX stock opened at $196.43 on Friday. The stock has a market cap of $5.94 billion, a P/E ratio of 14.43 and a beta of 1.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. The company has a fifty day moving average price of $184.48 and a two-hundred day moving average price of $162.30. Matson has a one year low of $86.97 and a one year high of $203.08.

Matson (NYSE:MATXGet Free Report) last announced its quarterly earnings data on Monday, May 4th. The shipping company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.20. The company had revenue of $757.80 million during the quarter, compared to the consensus estimate of $777.55 million. Matson had a net margin of 12.92% and a return on equity of 15.90%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.18 EPS. As a group, equities analysts predict that Matson will post 13.96 EPS for the current year.

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.

Further Reading

Dividend History for Matson (NYSE:MATX)

Receive News & Ratings for Matson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matson and related companies with MarketBeat.com's FREE daily email newsletter.