Leading US carriers in the Pacific, Matson, Inc., apprises it has declared a second quarter 2014 dividend of $0.16 per common share.
"Today's authorization continues Matson's outstanding history of paying dividends and reflects the solid financial foundation of our Company and the confidence we hold in its future," said Matt Cox, Matson's President and Chief Executive Officer.
"With our strong balance sheet and operating cash flow generation, we also have ample capacity to execute our fleet renewal program and consider new growth opportunities."
The dividend will be paid on June 5, 2014 to all shareholders of record as of the close of business on May 8, 2014.
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 with a fleet of 18 owned and 3 chartered vessels.