#United States #Honolulu #dividend increase #Matson Inc #NYSE MATX

Matson Inc. Increases Quarterly Dividend to $0.36 Per Share

In a notable announcement, Matson, Inc. (NYSE: MATX), a top U.S. shipping company based in the Pacific, declared a third-quarter dividend of $0.36 per common share. This decision reflects a $0.02 increase, or approximately 5.9%, over the preceding quarter's dividend, demonstrating the company's solid financial performance and strategic foresight.

The upcoming dividend payment is scheduled for September 4, 2025, and will benefit all shareholders who are on record as of the close of business on August 7, 2025. This marks a significant milestone for Matson, highlighting the company's dedication to returning value to its shareholders consistently.

Matt Cox, the Chairman and CEO of Matson, commented on the decision, stating, “This announcement marks the thirteenth consecutive annual increase to Matson's quarterly dividend. The increase reflects the strength of our business and confidence in our long-term free cash flow growth.” He further emphasized that the company maintains a disciplined approach to capital allocation, ensuring that they continue returning excess capital to shareholders while also investing in growth opportunities and supporting operations with necessary maintenance capital.

Founded in 1882, Matson has established itself as a frontrunner in ocean transportation and logistics services, primarily catering to the unique needs of non-contiguous domestic markets like Hawaii, Alaska, and Guam, as well as various Micronesian islands. The company also operates expedited services from China to Long Beach, California, among other international destinations.

Matson's fleet comprises both owned and chartered vessels, including containerships and combination roll-on/roll-off ships, which are crucial for the effective transportation of goods across its service areas. The logistics branch, established in 1987, enhances the company’s reach throughout North America and Asia. Its asset-light logistics services include essential features such as rail intermodal, highway brokerage, and warehousing which support the broader transportation network.

In conclusion, Matson, Inc. continues to solidify its position in the market through strategic growth, consistent dividends, and a commitment to quality service. The recent dividend increase is not just a financial maneuver; it is a testament to the company's operational strength and the trust it places in its future growth and resilience. With a strong track record and a firm focus on serving their unique geographic markets, Matson is well-poised for continued success in the ever-changing shipping and logistics landscape.