Matson, Inc. (MATX) To Go Ex-Dividend on November 6th

Matson, Inc. (NYSE:MATX) declared a quarterly dividend on Thursday, October 23rd. Stockholders of record on Thursday, November 6th will be given a dividend of 0.36 per share by the shipping company on Thursday, December 4th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, November 6th.

Matson has raised its dividend payment by an average of 0.1%per year 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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Matson to earn $10.21 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 14.1%.

Matson Trading Down 1.1%

NYSE MATX opened at $99.88 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. Matson has a twelve month low of $86.97 and a twelve month high of $169.12. The firm has a market capitalization of $3.18 billion, a PE ratio of 6.75 and a beta of 1.21. The stock’s 50 day moving average is $100.11 and its 200 day moving average is $105.97.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MATX shares. Zacks Research upgraded Matson from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Matson in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group restated a “hold” rating and set a $115.00 price target on shares of Matson in a research report on Friday, August 1st. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $131.67.

About Matson

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.