HONOLULU , June 22, 2022 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a third quarter dividend of $0.31 per common share.  The dividend represents a one-cent , or 3.3%, increase over the previous quarter's dividend and will be paid on September 1, 2022 to all shareholders of record as of the close of business on August 4 , 2022.

"This announcement marks the tenth consecutive annual increase to Matson's quarterly dividend, underscoring our Board's confidence in our long-term free cash flow growth," said Matt Cox , Matson's Chairman and Chief Executive Officer.  "We are disciplined in our approach to capital allocation and are committed to the return of excess capital to shareholders after funding our dividend, supporting our operations with maintenance capital, and investing in organic and inorganic growth opportunities, while maintaining an investment grade balance sheet."

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services.  Matson provides a vital lifeline to the domestic non-contiguous economies of Hawaii , Alaska , and Guam , and to other island economies in Micronesia .  Matson also operates premium, expedited services from China to Long Beach, California , provides service to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Dutch Harbor to Asia.  The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges.  Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America.  Its integrated, asset-light logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, Asia supply chain services, and forwarding to Alaska.  Additional information about the Company is available at www.matson.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/matson-increases-quarterly-dividend-to-0-31-per-share-301573546.html

Minister Responsible for Indigenous Affairs Ian Lafrenière today announced that the Québec government and the Abitibiwinni First Nation have concluded a new agreement, to pave the way for a new relationship between the parties based on openness, partnership, and cooperation. A strategic committee will be established with a mandate to bolster political, economic, and social relations.

Rogers knows a thing or two about making money in turbulent times.

Burry’s not bullish. But he’s beginning to nibble.

Investors pushed the share price of Tesla (NASDAQ: TSLA) up 4% this morning, likely after the electric vehicle (EV) stock made double-digit percentage gains yesterday following comments by Tesla CEO Elon Musk. It may have to do with Tesla's Shanghai factory. Reuters reported today that Tesla's Shanghai factory will suspend operations for two weeks as the EV company makes some upgrades to the factory.

With gasoline prices through the roof at record highs, inflation running at 40-year record levels, and last year’s bullish stock market turn down into a genuine bear, it’s no wonder that the financial and economic worlds are looking like reruns of ‘That 70s Show.’ Market watchers remember that the bad times of the late 70s and early 80s were tamed only when Fed Chair Paul Volker sparked a recession with near-20% interest rates – and for investors under 45, just take note that Q1 this year saw a

In this article, we will look at 9 value stocks to buy in 2022 according to David Abrams. If you want to skip reading about David Abrams’ investment philosophy and his hedge fund’s performance, you can go directly to 4 Value Stocks to Buy in 2022 According to David Abrams. David Abrams started his investment […]

Shares of the television streaming platform Roku (NASDAQ: ROKU) were rocketing higher today, potentially on several bits of news for the company, including some positive comments from an analyst, as well as comments made by Roku's CEO in a recent interview. The video streaming stock was up by as much as 6.7% today and had gained 3.1% as of 12:29 p.m. ET. First, comments made yesterday by Needham analyst Laura Martin may be driving Roku higher after she said that Netflix's move into an ad-based streaming tier could benefit Roku.

These veteran companies have attractive dividend yields, yet both recently underwent business transformations.

Last month, the annualized rate of inflation hit 8.6%, the highest in more than 40 years. Last week, in response, the Federal Reserve bumped up its benchmark interest rate by 75 basis points, the largest such hike since 1994. The combination of high inflation and aggressive tightening action by the central bank sent an already jittery stock market to its worst single week since the onset of the COVID crisis, and has economists talking gloomily about a repeat of the late 1970s and early 1980s, wh

It’s hard to put a positive spin on a stock that’s shaved 65% off its value since the beginning of the year – a feat achieved by SoFi Technologies (SOFI). The thing is, such a performance is not an anomaly in 2022. Many stocks are in the same predicament, which raises the question whether the scores of beaten-down names will eventually stage a comeback. Some will and some won’t. After meeting up with SoFi CEO Anthony Noto and CFO Chris Lapointe, Mizuho analyst Dan Dolev thinks SoFi is well-posit

Yahoo Finance’s Jared Blikre joins the Live show to break down how stocks are moving as Fed Chair Powell testifies before Congress.

(Bloomberg) -- If you’re a stock trader, you should probably be turning your attention to cryptocurrencies right about now.Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsSwitzerland Imports Russian Gold for First Time Since WarThe Supreme Court Has Just Eroded First Amendment LawLiz Cheney Is Paying the Price in Her Home State for Crossing TrumpStocks Rise as Powell Seen as ‘Less Hawkish’: Markets WrapThat’s according to Mark Mobius, who co-founded Mobius

Shares in the e-commerce giant are now far cheaper (in price, not valuation). Here's why it might be time to buy.

Nio (NYSE: NIO) shares have been on a tear recently, soaring move than 50% in the last three weeks. One reason for that is investor excitement over new models the Chinese electric vehicle (EV) maker has launched. The Wall Street Journal highlighted XPeng's plans to launch two new models next year in an article published yesterday.

Voyager Digital said its subsidiary may issue a notice of default to embattled crypto hedge fund Three Arrows Capital for failure to repay its loan.

The artificial intelligence (AI) lender Upstart Holdings (NASDAQ: UPST) has been a wildly divisive stock, with lots of investors fully buying into the company's story and enormous market opportunity, while others are more skeptical. Upstart has developed algorithmic loan underwriting models that it believes can assess the credit worthiness of borrowers better than traditional underwriting scoring methods such as Fair Isaac's FICO scoring. Upstart currently originates personal and auto loans through a number of lending partners and has ambitions to apply its technology to other loan categories.

In this article, we will look at 10 best recession stocks to buy according to Wells Fargo. If you want to explore similar stocks, you can also take a look at 5 Best Recession Stocks to Buy According to Wells Fargo. This June Wells Fargo unveiled its “Recession Stock Portfolio” right before the Fed issued […]

“Share outperformance.” Now there’s a vintage term which on account of the stock market’s woeful action in 2022 might be somewhat forgotten. However, that appears to be the case for NIO (NIO) in recent times. This month, all the main indexes have continued to put in an abject display, but shares of the Chinese EV maker have defied the market and are up ~30%. Morgan Stanley analyst Tim Hsiao attributes the strong showing to a few key drivers. First off, Q1’s 18% gross margin might have amounted t

At current levels, investors need a 7% to 8% return just to preserve their wealth.

(Bloomberg) -- North America’s first Bitcoin exchange-traded fund is at the center of a crypto-market guessing game after it saw record one-day outflows of $500 million last week. Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsSwitzerland Imports Russian Gold for First Time Since WarJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsStocks Snap Rally as Recession Fears Mount: Markets WrapLiz Cheney Is Paying the Price in Her Home State for Crossing