On June 22, 2023, Matson (MATX) announced a dividend hike of 3.2% to $0.32 quarterly per share. A new annual rate of $1.28 per share yields 1.6% at at stock price of $78. This marks the 11th consecutive year of dividend growth for MATX.

Originally founded in 1882, Matson is a provider of ocean transportation and logistics services. Matson services the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia. Matson also operates a premium, expedited service from China to Southern California and provides services to Okinawa, Japan and various islands in the South Pacific. Its integrated, asset-light logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, Asia supply chain services, and forwarding to Alaska. Matson was separated from Alexander & Baldwin on July 2, 2012.