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.

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Disclosure: None.