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

Key Points

• Matson, Inc. has declared a quarterly dividend of $0.36 per share, with the ex-dividend date set for November 6th and the payment date on December 4th.
• The company shows a dividend payout ratio of 13.4%, indicating strong earnings coverage for its dividend, alongside expected earnings of $10.21 per share for the upcoming year.
• Matson reported earnings of $2.92 per share for its last quarter, surpassing estimates, despite a 2% year-over-year revenue decline with total revenue of $830.50 million.

Matson, Inc. (NYSE:MATX - Get Free Report) announced a quarterly dividend on Thursday, October 23rd. Investors of record on Thursday, November 6th will be given a dividend of 0.36 per share by the shipping company on Thursday, December 4th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, November 6th.

Matson has a dividend payout ratio of 13.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Matson to earn $10.21 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 13.3%.

Matson Stock Up 0.5%

Matson stock opened at $93.90 on Friday. The stock's 50 day moving average price is $101.00 and its 200 day moving average price is $106.11. The company has a market cap of $2.99 billion, a PE ratio of 6.35 and a beta of 1.21. Matson has a 1-year low of $86.97 and a 1-year high of $169.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.78.

Matson (NYSE:MATX - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The shipping company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.74. The firm had revenue of $830.50 million during the quarter, compared to analysts' expectations of $727.30 million. Matson had a return on equity of 18.90% and a net margin of 14.26%.Matson's revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.31 earnings per share. On average, sell-side analysts predict that Matson will post 13.27 EPS for the current fiscal year.

About Matson

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.

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