The Board of Directors of Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a U.S. carrier in the Pacific, has declared a fourth quarter dividend of $0.17 per common share. The dividend will be paid on December 4, 2014 to all shareholders of record as of the close of business on November 6, 2014.
"Today's dividend declaration reflects the solid foundation of our core businesses and the continued confidence we hold in our ability to generate strong cash flows," said Matt Cox, Matson's President and Chief Executive Officer. "At the same time, our financial strength provides ample capacity to execute our fleet renewal program and consider new growth opportunities."