Matson has announced an expansion of its ongoing share repurchase program, alongside the declaration of its second-quarter dividend, reinforcing its commitment to shareholder returns.
The company’s Board of Directors approved the addition of three million shares to the existing buyback programme and extended its duration through to December 31, 2029. As of April 23, 2026, approximately 0.7 million shares remained under the current authorization.
In addition, Matson declared a quarterly dividend of $0.36 per common share. The dividend will be paid on June 4, 2026, to shareholders on record as of the close of business on May 7, 2026.
“We are pleased to announce an additional three million shares to our existing share repurchase program,” said Matt Cox, Chairman and Chief Executive Officer of Matson. “Since we commenced our share repurchase program in August 2021, we have repurchased approximately 14.3 million shares, or approximately 33% of the then outstanding shares, for a total cost of $1.3 billion. Going forward, we will continue to be both disciplined and opportunistic in our capital allocation, and we remain committed to returning excess cash to shareholders to create additional shareholder value over the long-term.”
The company noted that shares may be repurchased periodically on the open market at its discretion, taking into account capital requirements, share price levels and broader market conditions. Matson may also utilise Rule 10b5-1 plans to facilitate repurchases.
The programme remains flexible and may be suspended or discontinued at any time, depending on market developments and business needs.
