The new dividend rate, a two-cent climb from the previous quarter, will be paid out on September 3, 2026, to shareholders on record as of August 6. Chairman and CEO Matt Cox pointed to the company’s sustained free cash flow as the driver for this consistent growth.

Beyond dividends, Matson maintains a broader capital allocation strategy that balances maintenance spending and growth investments with ongoing share repurchases. The company continues to prioritize maintaining an investment-grade balance sheet while servicing its core trade routes in Hawaii, Alaska, Guam, and its expedited services between China and California.