Matson, Inc. (NYSE:MATX) Announces Quarterly Dividend of $0.36

by · The Markets Daily

Matson, Inc. (NYSE:MATX – Get Free Report) declared a quarterly dividend on Thursday, January 22nd. Shareholders of record on Thursday, February 5th will be paid a dividend of 0.36 per share by the shipping company on Thursday, March 5th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, February 5th.

Matson has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Matson has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Matson to earn $10.21 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 14.1%.

Matson Price Performance

NYSE MATX traded down $1.39 during trading on Friday, reaching $158.91. 317,624 shares of the company traded hands, compared to its average volume of 333,390. Matson has a 1-year low of $86.97 and a 1-year high of $162.23. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 12.09 and a beta of 1.33. The stock’s 50 day moving average price is $122.72 and its two-hundred day moving average price is $110.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 0.83.

Matson (NYSE:MATX – Get Free Report) last issued its earnings results on Tuesday, November 4th. The shipping company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.25 by $0.99. The business had revenue of $880.10 million during the quarter, compared to analysts’ expectations of $837.72 million. Matson had a return on equity of 16.23% and a net margin of 12.70%.Matson’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.89 EPS. As a group, analysts anticipate that Matson will post 13.27 EPS for the current year.

Matson Company Profile

(Get Free Report)

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.

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