Matson, Inc. (MATX) to Distribute Quarterly Dividend of $0.38 on December 3rd

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 raised its dividend 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 14.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 1.2%

NYSE MATX opened at $234.51 on Thursday. The business has a 50 day moving average price of $226.60 and a two-hundred day moving average price of $203.92. The stock has a market cap of $7.01 billion, a PE ratio of 15.68 and a beta of 1.30. Matson has a fifty-two week low of $92.64 and a fifty-two week high of $240.87. 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 announced its earnings results on Monday, August 3rd. The shipping company reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.48. The company had revenue of $969.40 million for the quarter, compared to analyst estimates of $893.91 million. Matson had a return on equity of 16.94% and a net margin of 13.41%. Matson’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.92 EPS. As a group, sell-side analysts predict 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.