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

Matson, Inc. (NYSE:MATX) announced a quarterly dividend on Thursday, January 22nd. Stockholders of record on Thursday, February 5th will be given 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 dividend 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 raised its dividend every year for the last 13 years. Matson has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of NYSE:MATX traded down $1.39 during midday trading on Friday, reaching $158.91. The company had a trading volume of 389,292 shares, compared to its average volume of 339,939. 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 50 day moving average price is $122.72 and its 200 day moving average price is $110.43. 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 announced its quarterly earnings data on Tuesday, November 4th. The shipping company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.25 by $0.99. The business had revenue of $880.10 million for the quarter, compared to analyst estimates of $837.72 million. Matson had a net margin of 12.70% and a return on equity of 16.23%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.89 earnings per share. As a group, sell-side analysts anticipate that Matson will post 13.27 EPS for the current fiscal year.

Institutional Trading of Matson

A number of hedge funds and other institutional investors have recently bought and sold shares of MATX. Federated Hermes Inc. lifted its stake in Matson by 124.3% during the third quarter. Federated Hermes Inc. now owns 249 shares of the shipping company’s stock worth $25,000 after purchasing an additional 138 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Matson by 67.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 254 shares of the shipping company’s stock valued at $28,000 after buying an additional 102 shares in the last quarter. Headlands Technologies LLC bought a new stake in Matson in the 2nd quarter worth approximately $28,000. Measured Wealth Private Client Group LLC purchased a new stake in Matson in the third quarter worth approximately $30,000. Finally, IFP Advisors Inc grew its position in Matson by 42.6% during the second quarter. IFP Advisors Inc now owns 442 shares of the shipping company’s stock valued at $49,000 after acquiring an additional 132 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

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.