Matson, Inc. (NYSE:MATX – Get Free Report) announced a quarterly dividend on Tuesday, October 20th. Stockholders of record on Thursday, November 5th will be given a dividend of $0.38 per share by the shipping company on Thursday, December 3rd. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, November 5th.
Matson has increased 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 dividend payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Matson to earn $17.20 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 8.8%.
Matson Trading Down 0.8%
Shares of MATX stock traded down $2.02 on Wednesday, reaching $235.25. 26,444 shares of the stock were exchanged, compared to its average volume of 286,734. The stock has a market cap of $7.03 billion, a PE ratio of 15.73 and a beta of 1.30. Matson has a one year low of $92.64 and a one year high of $240.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a 50 day moving average price of $226.20 and a 200 day moving average price of $203.44.
Matson (NYSE:MATX – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The shipping company reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.48. The business had revenue of $969.40 million for the quarter, compared to analysts’ expectations of $893.91 million. Matson had a return on equity of 16.94% and a net margin of 13.41%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.92 earnings per share. Equities research analysts forecast that Matson will post 16.01 EPS for the current fiscal year.
About Matson
Matson, Inc is a transportation and logistics company that provides ocean shipping and supply chain services. Through its Matson Navigation subsidiary, the company transports containerized and bulk cargo, automobiles and other goods between the U.S. mainland and Hawaii, Alaska, Guam, Micronesia and selected South Pacific destinations. Matson also operates services linking the U.S. West Coast with China, Japan and South Korea.
The company serves a broad range of customers, including retailers, manufacturers, wholesalers, government agencies and individual consumers.
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