Matson Increases Quarterly Dividend To $0.16 Per Share
HONOLULU, June 27, 2013
HONOLULU, June 27, 2013 /PRNewswire/ --The Board of Directors of Matson, Inc.
("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the
Pacific, today declared a third quarter dividend of $0.16 per common share.
The dividend represents a one-cent increase over the previous quarter's
dividend and will be paid on September 5, 2013 to all shareholders of record
as of the close of business on August 1, 2013.
"In recognition of the continued soundness of Matson's businesses and our
strong financial position, we are pleased to increase our quarterly cash
dividend to 16 cents per share," said Matt Cox, Matson's President and Chief
Executive Officer. "Our business model continues to generate strong operating
cash flows that enable us to invest in growth opportunities, while also
returning capital to shareholders."
About the Company
Founded in 1882, Matson is a leading U.S. carrier in the Pacific. Matson
provides a vital lifeline to the island economies of Hawaii, Guam, Micronesia
and select South Pacific islands, and operates a premium, expedited service
from China to Southern California. The Company's fleet of 18 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
U.S. Its integrated, asset-light logistics services include rail intermodal,
highway brokerage and warehousing. Additional information about Matson, Inc.
is available at www.matson.com.
Investor Relations inquiries: Media inquiries:
Jerome Holland Jeff S. Hull
Matson, Inc. Matson, Inc.
SOURCE Matson, Inc.
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