Matson Inc. Announces Increase in Quarterly Dividend to $0.38 per Share

Matson Inc. Increases Quarterly Dividend to $0.38

Matson, Inc., a prominent U.S. carrier operating in the Pacific, has announced an increase in its quarterly dividend, raising it to $0.38 per common share. This increase signifies a 5.6% rise from the previous quarter's dividend of $0.36. The company’s Board of Directors made the announcement on June 25, 2026, indicating that this dividend will be paid on September 3, 2026, to shareholders who are on record as of the end of business on August 6, 2026.

The Chairman and Chief Executive Officer of Matson, Matt Cox, expressed the company's commitment to returning excess capital to its shareholders. He stated, "This announcement marks the fourteenth consecutive annual increase to Matson's quarterly dividend. The increase reflects the strength of our business and our confidence in our long-term free cash flow growth. We remain disciplined in our approach to capital allocation."

The decision to increase the dividend underlines the company's belief in its robust operational capabilities and sustainable financial health. Matson is known for its extensive logistics and ocean transportation services, catering to various regions including Hawaii, Alaska, Guam, and other Pacific islands. The company's portfolio also includes premium transportation services from China to Long Beach, California, and services to markets in Japan and Asia.

Founded in 1882, Matson has established itself as a leading provider of logistics and ocean freight services. With a vast fleet that includes containerships and roll-on/roll-off ships, the company plays a critical role in connecting non-contiguous U.S. economies and island locations. Additionally, Matson Logistics, which was founded in 1987, enhances the geographic reach of Matson's transportation network across North America and Asia, providing diverse logistics services such as freight forwarding and supply chain management.

Matt Cox emphasized the company’s vision for future growth, noting the balance between rewarding shareholders and investing in growth opportunities while maintaining a solid investment grade balance sheet. The disciplined approach to capital allocation includes funding dividends, supporting operations with necessary maintenance capital, and exploring new opportunities in the market.

The announcement of the dividend increase follows Matson's consistent performance and plans to advance its fleet and service offerings, ensuring it meets the requirements of global shipping logistics and changing market dynamics. Matson's shareholders can take confidence in the management's strategic plans and commitment to delivering sustainable returns.

As we observe Matson's next steps, the company continues to position itself prominently in the maritime transport and logistics sector. The forward-looking statements made by the company reflect an optimistic stance toward handling future market challenges while continuing to grow its shareholder value.

For more detailed information about Matson's ocean transportation services and logistics offerings, interested parties can visit their official website at www.matson.com.