Matson, Inc. (NYSE:MATX) Shareholders to Receive $0.38 Quarterly Dividend

Matson, Inc. (NYSE:MATX) declared a quarterly dividend on Tuesday, October 20th. Investors 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 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, November 5th.

Matson has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Matson has a dividend payout ratio of 14.9% indicating that 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 0.5%

MATX traded down $1.13 on Wednesday, reaching $236.14. 21,804 shares of the company traded hands, compared to its average volume of 286,723. Matson has a one year low of $92.64 and a one year high of $240.87. The firm has a fifty day simple moving average of $226.20 and a two-hundred day simple moving average of $203.44. The company has a market cap of $7.06 billion, a P/E ratio of 15.77 and a beta of 1.30. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.11.

Matson (NYSE:MATX) last issued its earnings results on Monday, August 3rd. The shipping company reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.48. The business had revenue of $969.40 million for the quarter, compared to the consensus estimate of $893.91 million. Matson had a net margin of 13.41% and a return on equity of 16.94%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.92 EPS. As a group, equities research analysts expect that Matson will post 16.01 earnings per share for the current year.

Matson Company Profile

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.