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News Breaks
June 26, 2014
16:04 EDTMATXMatson increases dividend 6.25% to 17c
The board of directors of Matson declared a third quarter dividend of 17c per common share. The dividend represents a one-cent increase, or 6.25%, over the previous quarter's dividend and will be paid on September 4 to all shareholders of record as of the close of business on August 7.
News For MATX From The Last 14 Days
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November 24, 2015
17:31 EDTMATXMatson to file rate increases in 2016
Matson announced that Matson Navigation Company will raise its cargo rates for Hawaii service by $225 per westbound container and $110 per eastbound container, effective January 3, 2016. The adjustment, which will represent an increase of less than 5 percent for the majority of Matson's customers, is designed to help offset increasing costs of operation and support continuing investment in improvements to Matson's Hawaii service.Matson has invested nearly $1B in new containerships, fleet enhancements, new container equipment, information technology improvements and upgrades to its terminal facilities in recent years. Last month, the company commenced construction on two new 3,600 TEU 'Aloha Class' containerships that are designed specifically for Hawaii service and scheduled to launch in 2018.

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