Corporate ActionApr 24, 2026, 06:17 AM
Matson Adds 3M Shares to Buyback, Extends Program to 2029; Declares Dividend
AI Summary
Matson, Inc.'s Board of Directors approved a significant expansion of its share repurchase program, adding 3 million shares and extending it until December 31, 2029. This move signals confidence in the company's financial health and commitment to returning value to shareholders. Additionally, the company declared a regular quarterly dividend of $0.36 per common share.
Key Highlights
- Board approved adding 3 million shares to existing share repurchase program.
- Share repurchase program extended to December 31, 2029.
- Approximately 0.7 million shares remained in the program as of April 23, 2026.
- Declared a second quarter dividend of $0.36 per common share.