Matson said its board has approved a 5.6% increase to the company's quarterly dividend.
The provider of ocean transportation and logistics services said the dividend will increase to 38 cents per share from 36 cents. The new dividend, $1.52 on an annual basis, will be payable on Sept. 3 to shareholders of record at the close of business on Aug. 6.
Based on the stock's closing share price of $196.37 on Thursday, the new dividend yield will be 0.7%.
In June of last year, the company raised its quarterly dividend to 36 cents a share from 34 cents.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
June 25, 2026 17:16 ET (21:16 GMT)
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