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Matson, Inc. Buyback

OLI recorded this information on 4/27/2023

Company: Matson, Inc.
Buyback: MATX buyback
Share Amount Authorized: 3,700,000
Buyback Details: The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, approved adding three million shares to the existing nine million share repurchase program and extending the program to December 31, 2025. As of April 26, 2023, the existing share repurchase program had approximately 0.7 million shares remaining. The Board also declared a second quarter dividend of $0.31 per common share. The dividend will be paid on June 1, 2023 to all shareholders of record as of the close of business on May 11, 2023.

Matson is a holding company. Through its subsidiaries, Co. is a provider of ocean transportation and logistics services. Co. consists of two segments, Ocean Transportation and Logistics. In its Ocean Transportation segment, Co. provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia through its wholly-owned subsidiary, Matson Navigation Company, Inc. (MatNav). In its Logistics segment, Matson Logistics, Inc., a wholly-owned subsidiary of MatNav, is an asset-light business that provides a variety of logistics services to its customers.

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Company Name:  Matson Inc
Stock buyback:  MATX buyback
Website:  www.matson.com
Sector:  Shipping
Number of ETFs Holding MATX:  65
Total Market Value Held by ETFs:  $966.34M
Total Market Capitalization:  $3.75B
% of Market Cap. Held by ETFs:  25.74%
 

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March 29, 2024    7:52 AM Eastern
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Buy (3.00 out of 4)
27th percentile
(ranked lower than approx. 73% of all stocks covered)

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