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Matson Inc. Expands Share Repurchase Program

On April 23, 2026, Matson, Inc. (NYSE: MATX), a prominent U.S. carrier based in the Pacific, made a significant announcement regarding its share repurchase program. The company's Board of Directors approved an addition of three million shares to its existing program, which is now extended through December 31, 2029. This strategic move underscores Matson's commitment to enhancing shareholder value and reflects its ongoing robust capital management strategy.

At present, the existing share repurchase program has approximately 0.7 million shares remaining, highlighting the Board's proactive approach in managing the company's equity. Alongside the expansion of the share buyback initiative, Matson declared a quarterly dividend of $0.36 per common share, which is set to be distributed on June 4, 2026. Shareholders recorded as of the close of business on May 7, 2026, will benefit from this dividend payment.

Matt Cox, Chairman and Chief Executive Officer of Matson, expressed optimism about this development. He stated, “We are pleased to announce an additional three million shares to our existing share repurchase program. Since initiating our share repurchase program in August 2021, we have effectively bought back around 14.3 million shares, representing approximately 33% of our outstanding shares, at a total cost of $1.3 billion.”

Cox elaborated on Matson's future outlook, emphasizing the company's disciplined yet opportunistic approach to capital allocation. He reaffirmed the company's commitment to returning excess cash to shareholders, thereby fostering long-term shareholder value. The management indicated that share repurchases will occur in the open market at the company's discretion, factoring in ongoing assessments of capital demands, the prevalent market price of its common shares, and general market conditions. It's notable that the company may utilize Rule 10b5-1 plans to facilitate purchases under this expanded program, providing a structured approach to its repurchasing efforts. However, they also cautioned that the program could be suspended or entirely discontinued at any stage.

About Matson, Inc.

Founded in 1882, Matson, Inc. stands as a leading provider of ocean transportation and logistics services, playing a crucial role in connecting the non-contiguous markets of Hawaii, Alaska, and Guam to essential supplies and services. The company operates a premium line of expedited services from China to Long Beach, California, and also serves various islands throughout the South Pacific, including Okinawa, Japan. Matson's fleet comprises a range of vessels, including containerships and barges, tailored to meet diverse transportation needs.

In addition to its marine operations, Matson Logistics, established in 1987, enhances the company's transportation network across North America and Asia. It offers integrated logistics solutions encompassing rail intermodal transport, freight forwarding, supply chain management, and more, particularly focusing on the Alaskan market. As the company continues to grow and evolve, it remains dedicated to maintaining high levels of service while strategically managing its financial activities for the benefit of its shareholders.

In conclusion, Matson's recent announcement reflects a definitive strategy aiming to bolster shareholder confidence and enhance financial returns, all while navigating the dynamic landscape of the shipping and logistics industry. With systematic execution of its share repurchase program and timely dividend declarations, the company demonstrates a robust commitment to its stakeholders, promising a forward-thinking approach toward shareholder value enhancement.