Matson, Inc. (MATX) to Issue Quarterly Dividend of $0.36 on March 5th

Matson, Inc. (NYSE:MATX) announced 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) annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, February 5th.

Matson has raised its dividend 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. Research 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 Trading Down 0.9%

NYSE MATX opened at $158.91 on Friday. The stock has a market cap of $4.95 billion, a P/E ratio of 12.09 and a beta of 1.33. The company’s fifty day simple moving average is $123.76 and its 200-day simple moving average is $110.76. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. Matson has a 52 week low of $86.97 and a 52 week high of $162.23.

Matson (NYSE:MATX) last released its quarterly earnings results on Tuesday, November 4th. The shipping company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.25 by $0.99. The firm had revenue of $880.10 million for the quarter, compared to the consensus estimate of $837.72 million. Matson had a net margin of 12.70% and a return on equity of 16.23%. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.89 EPS. Equities research analysts predict that Matson will post 13.27 EPS for the current fiscal year.

About Matson

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.