Matson, Inc. Announces Significant Expansion of Share Repurchase Program and Dividend Declaration

Key Points for Investors

• Matson’s Board of Directors has approved an addition of 3 million shares to its existing share repurchase program. The program is also extended until December 31, 2029.
• Only 0.7 million shares remained under the previous authorization as of April 23, 2026. This new authorization greatly expands the company’s ability to repurchase shares over the coming years.
• Second quarter dividend of \$0.36 per common share declared. The dividend will be paid on June 4, 2026, to shareholders of record as of May 7, 2026.
• Since August 2021, Matson has repurchased approximately 14.3 million shares, representing about 33% of the shares then outstanding, at a total cost of \$1.3 billion.
• Share repurchases will be made in the open market at Matson’s discretion, considering business capital needs, market prices, and general market conditions. The company may use Rule 10b5-1 plans to facilitate purchases.
• The repurchase program may be suspended or discontinued at any time.

Details Investors Should Know

This announcement is highly relevant for shareholders and potential investors:

• Share Repurchase Expansion: The addition of 3 million shares to the repurchase program and its extension signals Matson’s confidence in its future cash flows and commitment to shareholder returns. Share repurchases can reduce the number of outstanding shares, potentially boosting earnings per share and supporting the stock price.
• Dividend Declaration: The \$0.36 quarterly dividend continues Matson’s history of returning cash to shareholders. Dividends are a key indicator of a company’s financial health and stability, and consistent payments may attract income-focused investors.
• Capital Allocation Strategy: CEO Matt Cox emphasized disciplined and opportunistic capital allocation, with a clear commitment to returning excess cash to shareholders. This could reassure investors about management’s approach to value creation.
• Historical Repurchases: The fact that Matson has repurchased 14.3 million shares (33% of then outstanding shares) since August 2021 at a substantial cost underscores a sustained effort to enhance shareholder value.
• Flexibility and Discretion: The company retains the right to suspend or discontinue the repurchase program at any time, and repurchases will depend on ongoing business and market assessments.
• Forward-Looking Statements: The release includes cautionary language regarding forward-looking statements, highlighting risks and uncertainties that may affect actual results. Investors should review Matson’s SEC filings for more information on these risks.

About Matson, Inc.

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services, serving Hawaii, Alaska, Guam, Micronesia, and other Pacific islands. The company operates expedited services from China to Long Beach, California, including cargo from other Asian origins, and offers export services from Alaska to Asia. Matson’s fleet includes containerships, roll-on/roll-off ships, and barges. Its logistics arm, Matson Logistics, extends the transportation network throughout North America and Asia, offering rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding services.

Potential Impact on Share Price

This announcement is likely to be price sensitive: The expansion and extension of the share repurchase program, alongside a solid dividend, could positively impact Matson’s share price by enhancing shareholder value, signaling management’s confidence in the company’s prospects, and attracting both growth and income investors.

Disclaimer

This article contains forward-looking statements based on Matson, Inc.’s press release, which are subject to risks and uncertainties. Actual results may differ materially. Investors should review the company’s filings with the SEC and consult with their financial advisor before making investment decisions. This article is for informational purposes only and does not constitute investment advice.

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