Matson (MATX) Raises Quarterly Dividend 30.4% to $0.30, Announces 3M Share Buyback
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Matson Increases Quarterly Dividend By 30.4% And Announces Share Repurchase Program Of 3 Million Shares
June 24, 2021 6:07 PM EDTHONOLULU, Hawaii, June 24, 2021 /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 $0.30 per common share. The dividend represents a seven-cent, or 30.4%, increase over the prior dividend and will be paid on September 2, 2021 to all shareholders of record as of the close of business on August 5, 2021. The Board also approved a share repurchase program totaling three million shares, or approximately seven percent of outstanding common shares. As of June 24, 2021, the authorization represents approximately $190 million of potential repurchases.Â
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