HONOLULU, April 23, 2026 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE:MATX), a leading U.S. carrier in the Pacific, approved adding three million shares to its existing share repurchase program and

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">HONOLULU</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">April 23, 2026</span> /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MATX">MATX</a>), a leading U.S. carrier in the Pacific, approved adding three million shares to its existing share repurchase program and extending the program to December 31, 2029.  As of April 23, 2026, the existing share repurchase program had approximately 0.7 million shares remaining.  The Board also declared a second quarter dividend of $0.36 per common share.  The dividend will be paid on June 4, 2026 to all shareholders of record as of the close of business on May 7, 2026.</p>
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<p xmlns="http://www.w3.org/1999/xhtml">&#34;We are pleased to announce an additional three million shares to our existing share repurchase program,&#34; said Matt Cox, Matson&#39;s Chairman and Chief Executive Officer.  &#34;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.&#34; </p><p xmlns="http://www.w3.org/1999/xhtml">Shares will be repurchased in the open market from time to time at the Company&#39;s discretion, based on ongoing assessments of the capital needs of the business, the market price of its common shares and general market conditions.  The Company may enter into Rule 10b5-1 plans to facilitate purchases under the program.  The repurchase program may be suspended or discontinued at any time.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About the Company</b></p><p xmlns="http://www.w3.org/1999/xhtml">Founded in 1882, Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MATX">MATX</a>) is a leading provider of ocean transportation and logistics services.  Matson provides a vital lifeline of ocean freight transportation services 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, which includes cargo from other Asia origins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia.  The Company&#39;s fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges.  Matson Logistics, established in 1987, extends the geographic reach of Matson&#39;s transportation network throughout North America and Asia.  Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska.  Additional information about the Company is available at <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4672490-1&amp;h=2243124483&amp;u=https%3A%2F%2Fwww.matson.com&amp;a=www.matson.com" target="_blank" rel="nofollow">www.matson.com</a>.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Forward Looking Statements</b></p><p xmlns="http://www.w3.org/1999/xhtml">Statements in this news release that are not historical facts are &#34;forward-looking statements,&#34; within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to, statements about capital allocation plans, the timing, manner and volume of repurchases of common shares pursuant to the repurchase program, and use of excess cash.  These forward-looking statements are not guarantees of future performance.  This release should be read in conjunction with our Annual Report on Form 10-K and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release.  We do not undertake any obligation to update our forward-looking statements.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=SF42731&amp;sd=2026-04-23"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-and-quarterly-dividend-of-0-36-per-share-302752377.html" target="_blank">https://www.prnewswire.com/news-releases/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-and-quarterly-dividend-of-0-36-per-share-302752377.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Matson, Inc.</p>

MATX

MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM AND QUARTERLY DIVIDEND OF $0.36 PER SHARE

Matson Expands Share Repurchase Program and Declares Dividend Increase

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>HONOLULU, April 23, 2026 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE:MATX), a leading U.S. carrier in the Pacific, approved adding three million shares to its existing share repurchase program and</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Matson, Inc. has expanded its share repurchase program by three million shares and extended it until December 2029, signaling strong shareholder value focus. Additionally, it declared a quarterly dividend of $0.36 per share, signaling financial strength and commitment to returning capital to shareholders.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Matson approved an additional three million shares for buyback.</li><li>The existing buyback program is extended to December 31, 2029.</li><li>Matson declared a quarterly dividend of $0.36 per share.</li><li>14.3 million shares have been repurchased since August 2021.</li><li>Share repurchases will depend on market conditions and capital needs.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Matson, Inc. (MATX)</strong>: Increased share buybacks may boost shareholder value and support stock price.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits into the &#039;Corporate Developments&#039; category due to its focus on significant financial changes, specifically around buyback initiatives and dividend declarations, which reflect the company&#039;s strategy for enhancing shareholder value.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Expansion of the buyback program could drive share price appreciation.</li><li>The new dividend reflects positive cash flows and shareholder returns.</li><li>Future share repurchases may depend on market conditions, impacting liquidity.</li><li>High percentage of shares repurchased boosts earnings per share going forward.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Matson added three million shares to its buyback program.</li><li>Existing buyback extended to December 31, 2029.</li><li>Quarterly dividend set at $0.36 per share.</li><li>Approx. 14.3 million shares repurchased since August 2021.</li><li>0.7 million shares left in the current buyback program.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>MATX is a buy as strong capital return initiatives indicate robust financial health.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">HONOLULU</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">April 23, 2026</span> /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MATX">MATX</a>), a leading U.S. carrier in the Pacific, approved adding three million shares to its existing share repurchase program and extending the program to December 31, 2029.  As of April 23, 2026, the existing share repurchase program had approximately 0.7 million shares remaining.  The Board also declared a second quarter dividend of $0.36 per common share.  The dividend will be paid on June 4, 2026 to all shareholders of record as of the close of business on May 7, 2026.</p>
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<p xmlns="http://www.w3.org/1999/xhtml">&#34;We are pleased to announce an additional three million shares to our existing share repurchase program,&#34; said Matt Cox, Matson&#39;s Chairman and Chief Executive Officer.  &#34;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.&#34; </p><p xmlns="http://www.w3.org/1999/xhtml">Shares will be repurchased in the open market from time to time at the Company&#39;s discretion, based on ongoing assessments of the capital needs of the business, the market price of its common shares and general market conditions.  The Company may enter into Rule 10b5-1 plans to facilitate purchases under the program.  The repurchase program may be suspended or discontinued at any time.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About the Company</b></p><p xmlns="http://www.w3.org/1999/xhtml">Founded in 1882, Matson (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MATX">MATX</a>) is a leading provider of ocean transportation and logistics services.  Matson provides a vital lifeline of ocean freight transportation services 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, which includes cargo from other Asia origins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia.  The Company&#39;s fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges.  Matson Logistics, established in 1987, extends the geographic reach of Matson&#39;s transportation network throughout North America and Asia.  Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska.  Additional information about the Company is available at <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4672490-1&amp;h=2243124483&amp;u=https%3A%2F%2Fwww.matson.com&amp;a=www.matson.com" target="_blank" rel="nofollow">www.matson.com</a>.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Forward Looking Statements</b></p><p xmlns="http://www.w3.org/1999/xhtml">Statements in this news release that are not historical facts are &#34;forward-looking statements,&#34; within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to, statements about capital allocation plans, the timing, manner and volume of repurchases of common shares pursuant to the repurchase program, and use of excess cash.  These forward-looking statements are not guarantees of future performance.  This release should be read in conjunction with our Annual Report on Form 10-K and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release.  We do not undertake any obligation to update our forward-looking statements.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=SF42731&amp;sd=2026-04-23"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-and-quarterly-dividend-of-0-36-per-share-302752377.html" target="_blank">https://www.prnewswire.com/news-releases/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-and-quarterly-dividend-of-0-36-per-share-302752377.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Matson, Inc.</p>

Matson, Inc. has expanded its share repurchase program by three million shares and extended it until December 2029, signaling strong shareholder value focus. Additionally, it declared a quarterly dividend of $0.36 per share, signaling financial strength and commitment to returning capital to shareholders.

MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM AND QUARTERLY DIVIDEND OF $0.36 PER SHARE

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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