Matson (MATX) Declares $0.36 Quarterly Dividend with 0.9% Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5h ago
0mins
Source: seekingalpha
- Quarterly Dividend Announcement: Matson has declared a quarterly dividend of $0.36 per share, consistent with previous distributions, indicating the company's ongoing ability to maintain stable cash flows despite market fluctuations.
- Dividend Payment Schedule: The dividend will be payable on March 5, with a record date of February 5 and an ex-dividend date also on February 5, ensuring shareholders receive timely returns and bolstering investor confidence.
- Future Earnings Outlook: Matson expects its Q4 earnings per share to range between $4.22 and $4.70, reflecting the company's profitability and adaptability in the face of market challenges.
- Operating Income Decline: With tariff uncertainties easing following a trade deal, Matson anticipates a 30% decrease in Q4 operating income, which may impact short-term stock performance but lays a foundation for future market stability.
Analyst Views on MATX
Wall Street analysts forecast MATX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MATX is 167.00 USD with a low forecast of 167.00 USD and a high forecast of 167.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 155.710
Low
167.00
Averages
167.00
High
167.00
Current: 155.710
Low
167.00
Averages
167.00
High
167.00
About MATX
Matson, Inc. is a provider of ocean transportation and logistics services. The Company's segments include Ocean Transportation and Logistics. The Ocean Transportation business is conducted through Matson Navigation Company, Inc. (MatNav), which provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia. MatNav also operates premium, expedited services from China to Long Beach, California, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia. The Logistics business is conducted through Matson Logistics, Inc. (Matson Logistics), a wholly owned subsidiary of MatNav. Matson Logistics provides a variety of logistics services to its customers, such as transportation brokerage services, freight forwarding services, warehousing services and supply chain management services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
