EX-Dividend Schedule: Matson Raised its Dividend by 5%; Will Trade Ex-Dividend on August 01, 2017

LONDON, UK / ACCESSWIRE / July 31, 2018 / Active-Investors has a free review on Matson, Inc. (NYSE: MATX) following the Company’s announcement that it will begin trading ex-dividend on August 01, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on July 31, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on MATX:

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Dividend Declared

On June 29, 2018, Matson’s Board of Directors declared a third quarter dividend of $0.21 per common share. The dividend represents a 5%, increase over the previous quarter’s dividend and will be paid on September 06, 2018, to all shareholders of record as of the close of business on August 02, 2018.

Matson’s indicated dividend represents a yield of 2.38%, which is substantially higher than the average dividend yield of 1.92% for the Services sector. The Company has raised its dividend for five years in a row.

Dividend Insights

Matson has a dividend payout ratio of 38.0%, which means that the Company spends approximately $0.38 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Matson is forecasted to report earnings of 2.40 per share for the next year, which is more than double compared to the Company’s annualized dividend payout of $0.84 per share.

Matson’s cash and cash equivalents decreased by $6.1 million to $13.7 million during the three months ended March 31, 2018. The Company generated net cash from operating activities of $29.9 million during the three months ended March 31, 2018, compared to $4.0 million in the three months ended March 31, 2017. Matson’s total debt increased by $46.5 million during the three months to $903.6 million as of March 31, 2018, of which $867.1 million was long-term debt. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Upcoming Earnings

On July 17, 2018, Matson announced that it will release its financial results for the second quarter on Tuesday, July 31, 2018. A conference call is scheduled for 4:30 p.m. EDT on the same day when Matt Cox, Chairman and Chief Executive Officer; and Joel Wine, Senior Vice President and Chief Financial Officer, will discuss Matson’s second quarter results.

About Matson, Inc.

Founded in 1882, Matson is a leading provider of ocean transportation and logistics services. The Company’s fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges. Matson Logistics, established in 1987, extends the geographic reach of Matson’s transportation network throughout the continental US.

Stock Performance Snapshot

July 30, 2018 – At Monday’s closing bell, Matson’s stock marginally dropped 0.71%, ending the trading session at $35.06.

Volume traded for the day: 146.72 thousand shares.

Stock performance in the previous three-month period – up 19.95%; past twelve-month period – up 23.45%; and year-to-date – up 17.49%

After yesterday’s close, Matson’s market cap was at $1.52 billion.

Price to Earnings (P/E) ratio was at 17.96.

The stock has a dividend yield of 2.40%.

The stock is part of the Services sector, categorized under the Shipping industry.

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