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

Matson, Inc. (NYSE:MATX) announced a quarterly dividend on Thursday, June 25th. Stockholders 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) dividend on an annualized basis and a dividend 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 raised its dividend payment by an average of 0.1%annually over the last three years and has raised 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. 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 Trading Up 0.4%

NYSE MATX opened at $196.43 on Friday. The company has a market capitalization of $5.94 billion, a PE ratio of 14.43 and a beta of 1.29. The company has a fifty day moving average of $184.48 and a 200 day moving average of $162.30. Matson has a 1 year low of $86.97 and a 1 year high of $203.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82.

Matson (NYSE:MATX) last posted its quarterly earnings results on Monday, May 4th. The shipping company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.65 by $0.20. The company had revenue of $757.80 million for the quarter, compared to analyst estimates of $777.55 million. Matson had a net margin of 12.92% and a return on equity of 15.90%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.18 earnings per share. Research analysts forecast that Matson will post 13.96 earnings per share for the current year.

Matson Company Profile

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.