Matson, Inc. (MATX) To Go Ex-Dividend on February 6th

Matson, Inc. (NYSE:MATX) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Investors of record on Thursday, February 6th will be given a dividend of 0.34 per share by the shipping company on Thursday, March 6th. This represents a $1.36 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, February 6th.

Matson has increased its dividend payment by an average of 7.6% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Matson has a dividend payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Matson to earn $10.23 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 13.3%.

Matson Price Performance

MATX opened at $136.32 on Tuesday. The firm has a market cap of $4.53 billion, a P/E ratio of 11.34 and a beta of 1.05. Matson has a fifty-two week low of $100.50 and a fifty-two week high of $169.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50-day moving average of $142.47 and a 200 day moving average of $139.69.

Insider Buying and Selling

In other Matson news, SVP Leonard P. Isotoff sold 492 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $161.26, for a total transaction of $79,339.92. Following the transaction, the senior vice president now directly owns 4,254 shares of the company’s stock, valued at approximately $686,000.04. The trade was a 10.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter T. Heilmann sold 5,404 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $162.36, for a total transaction of $877,393.44. Following the sale, the executive vice president now owns 32,952 shares in the company, valued at approximately $5,350,086.72. This trade represents a 14.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,646 shares of company stock valued at $1,578,768 over the last three months. 2.32% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on MATX shares. Stephens reaffirmed an “overweight” rating and set a $165.00 price objective on shares of Matson in a report on Thursday, January 2nd. Wolfe Research downgraded shares of Matson from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 18th.

Matson Company Profile

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.