Matson Declares $0.36 Quarterly Dividend, Adds 3 Million Shares to Buyback Program
Matson, Inc., a leading U.S. carrier in the Pacific, declared a second quarter dividend of $0.36 per share. The company also added three million shares to its existing stock repurchase program.
Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, declared a second quarter dividend of $0.36 per share, the company's board announced April 23. The dividend will be paid June 4 to shareholders of record as of May 7. Read more dividend announcements.
The declaration maintains the company's quarterly payout as it continues to return cash to shareholders through its dividend program. Matson provides ocean freight transportation services to Hawaii, Alaska, Guam, and other island economies in Micronesia, as well as expedited services from China to Long Beach.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.36 |
| Record Date | May 7, 2026 |
| Payment Date | June 4, 2026 |
Share Repurchase Program Expanded
The board also approved adding three million shares to Matson's existing share repurchase program and extended the program through December 31, 2029. As of April 23, the existing program had approximately 0.7 million shares remaining.
Since launching its buyback program in August 2021, Matson has repurchased approximately 14.3 million shares for a total cost of $1.3 billion. That represents roughly 33% of shares outstanding at the program's inception.
"We will continue to be both disciplined and opportunistic in our capital allocation, and we remain committed to returning excess cash to shareholders to create additional shareholder value over the long-term," said Matt Cox, Matson's chairman and chief executive officer.
Shares will be repurchased in the open market at the company's discretion based on capital needs, stock price, and market conditions. The program may be suspended or discontinued at any time.