Matson, Inc. (MATX) To Go Ex-Dividend on May 7th

Matson, Inc. (NYSE:MATX) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Thursday, May 7th will be paid a dividend of 0.36 per share by the shipping company on Thursday, June 4th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, May 7th.

Matson has increased its dividend payment by an average of 0.1%per year over the last three years and has raised 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. Equities research analysts expect Matson to earn $15.41 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 9.3%.

Matson Price Performance

Shares of NYSE MATX opened at $170.61 on Tuesday. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 12.24 and a beta of 1.30. Matson has a 52 week low of $86.97 and a 52 week high of $180.88. The company’s 50-day moving average price is $165.32 and its 200 day moving average price is $139.77. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.11.

Matson (NYSE:MATX) last issued its quarterly earnings data on Monday, May 4th. The shipping company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.20. Matson had a net margin of 13.30% and a return on equity of 16.63%. The firm had revenue of $757.80 million for the quarter, compared to analysts’ expectations of $777.55 million. During the same period in the prior year, the company earned $2.18 EPS. The firm’s revenue was down 3.1% on a year-over-year basis. As a group, research analysts forecast that Matson will post 13.79 earnings per share for the current fiscal year.

Matson Company Profile

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.