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

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

Matson has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 13 years. Matson has a payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings.

Matson Trading Down 0.3%

Matson stock opened at $170.28 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 12.21 and a beta of 1.33. Matson has a one year low of $86.97 and a one year high of $180.21. The company’s fifty day moving average price is $164.31 and its two-hundred day moving average price is $136.34.

Matson (NYSE:MATX) last posted its earnings results on Tuesday, February 24th. The shipping company reported $4.60 EPS for the quarter, topping the consensus estimate of $3.69 by $0.91. The firm had revenue of $851.90 million for the quarter, compared to the consensus estimate of $847.30 million. Matson had a net margin of 13.30% and a return on equity of 16.63%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.80 earnings per share.

Wall Street Analyst Weigh In

Several research firms have commented on MATX. Wall Street Zen downgraded shares of Matson from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Wolfe Research reaffirmed an “outperform” rating and issued a $167.00 price target on shares of Matson in a research report on Thursday, January 8th. Stephens raised their price target on Matson from $190.00 to $213.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Matson in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $156.25.

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.