Matson Increases QRT Dividend By 6.25 Percent To $0.17/Share
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 $0.17 per common share.
The dividend represents a one-cent increase, or 6.25 percent, over the
previous quarter's dividend and will be paid on September 4, 2014 to all
shareholders of record as of the close of business on August 7, 2014.
"This dividend increase underscores the strong cash flow generation of
Matson's core businesses and the confidence we hold in our long-term
prospects," said Matt Cox, Matson's President and Chief Executive Officer.
"Our financial strength provides ample capacity to fund our fleet renewal
program and consider growth investments, while continuing to return capital
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.