Matson (MATX) Rewards Shareholders With 6.3% Dividend Hike [Yahoo! Finance]
Matson, Inc. (MATX)
Last matson, inc. earnings: 2/25 04:05 pm
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US:NYSE Investor Relations:
investor.matson.com/investor-relations
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Source: Yahoo! Finance
of the increased dividend will be paid out on Sep 5, 2024, to its shareholders of record as of Aug 1. The upped dividend highlights this transportation company's commitment to creating value for its shareholders. MATX's dividend yield based on the new payout and Jun 27's closing price is 1.06%. The current increase marks the seventh dividend hike by the company in the last five years. Per chairman and CEO Matt Cox, “The increase reflects the strength of our business and confidence in our long-term free cash flow growth. As always, we remain committed to the return of excess capital to shareholders through the execution of share repurchases after funding our dividend, supporting our operations with maintenance capital, and investing in growth opportunities, while maintaining an investment grade balance sheet." Matson, currently sporting a Zacks Rank #1 (Strong Buy), is also active on the buyback front. Investors should note that Matson has a 5-year median return on capital of 14.
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MATX
News
- MATSON INCREASES QUARTERLY DIVIDEND TO $0.34 PER SHARE [Yahoo! Finance]Yahoo! Finance
- MATSON INCREASES QUARTERLY DIVIDEND TO $0.34 PER SHAREPR Newswire
- Matson, Inc. (NYSE: MATX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Matson, Inc. (NYSE: MATX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Matson, Inc. (NYSE: MATX) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $135.00 price target on the stock.MarketBeat
MATX
Earnings
- 4/30/24 - Beat
MATX
Sec Filings
- 6/28/24 - Form 4
- 6/28/24 - Form 4
- 6/27/24 - Form 144
- MATX's page on the SEC website