Matson’s (MATX) Steady Performance: A Safer Bet Among Shipping Stocks?

Matson, Inc. (NYSE:MATX) is included among the 10 Best Shipping Stocks with Dividends.

Matson’s (MATX) Steady Performance: A Safer Bet Among Shipping Stocks?

A processional line of imposing cargo ships in a large port, capturing the scope of the company’s ocean transportation business.

Matson, Inc. (NYSE:MATX) traces its roots back to the late 1800s, originally established to connect the US West Coast with Hawaii. Today, it continues to serve as a key transporter of goods to US Pacific territories and Alaska, while also offering fast, premium shipping services between the US mainland and China.

Matson, Inc. (NYSE:MATX) stands out for its fleet diversity, operating over a dozen vessels, including container ships, custom barges, and combination vessels capable of carrying wheeled cargo like cars, trucks, and railcars. In addition to its shipping operations, Matson runs a logistics division that helps customers coordinate and manage their shipments.

On June 26, Matson, Inc. (NYSE:MATX) declared a 5.9% hike in its quarterly dividend to $0.36 per share. This was the company’s 13th consecutive year of dividend increases, which makes it one of the best dividend stocks. The stock supports a dividend yield of 1.35%, as of July 30.

While we acknowledge the potential of MATX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MATX and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.