Matson, Inc. (NYSE:MATX – Get Free Report) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Thursday, May 7th will be paid a dividend of 0.36 per share by the shipping company on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, May 7th.
Matson has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Matson has a dividend payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings.
Matson Price Performance
MATX opened at $170.28 on Friday. The firm has a market capitalization of $5.18 billion, a PE ratio of 12.21 and a beta of 1.33. 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 business’s 50-day moving average is $164.31 and its two-hundred day moving average is $136.34. Matson has a 1 year low of $86.97 and a 1 year high of $180.21.
About Matson
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.
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