Matson, Inc. (NYSE:MATX) has been recognized as one of the top shipping stocks with dividends, according to a recent article on Insider Monkey. The company has established itself as a key player in the transportation industry, with a rich history dating back to the late 1800s when it was founded to connect the US West Coast with Hawaii. Today, Matson continues to be a leading transporter of goods to US Pacific territories and Alaska, as well as offering premium shipping services between the US mainland and China.
One of the standout features of Matson, Inc. is its diverse fleet, which includes container ships, custom barges, and combination vessels capable of carrying wheeled cargo such as cars, trucks, and railcars. In addition to its shipping operations, the company also runs a logistics division that helps customers coordinate and manage their shipments effectively.
In a recent announcement on June 26, Matson, Inc. declared a 5.9% increase in its quarterly dividend to $0.36 per share. This marked the 13th consecutive year of dividend increases for the company, solidifying its position as one of the best dividend stocks in the market. As of July 30, Matson’s stock supports a dividend yield of 1.35%, making it an attractive option for investors seeking stable returns.
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In conclusion, Matson, Inc. (NYSE:MATX) continues to demonstrate steady performance and remains a safer bet among shipping stocks. With its strong dividend track record and diverse business operations, the company is well-positioned for future growth and success in the transportation industry.
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