Matson Navigation Company has announced an expansion of its existing share repurchase program and declared its second-quarter 2026 cash dividend, underscoring its sustained commitment to disciplined capital allocation and long-term shareholder value creation. 

The Board of Directors authorized the addition of 3.0 million shares to the current repurchase authorization and extended the program’s expiration date to December 31, 2029. As of April 23, 2026, approximately 0.7 million shares remained available for repurchase under the prior authorization.  

Concurrently, the Company declared a quarterly cash dividend of $0.36 per outstanding share of common stock. The dividend will be paid on June 4, 2026, to shareholders of record at the close of business on May 7, 2026.  

“We are pleased to enhance our share repurchase program with an additional 3.0 million shares,” said Matt Cox, Chairman and Chief Executive Officer of Matson. “Since initiating the program in August 2021, we have repurchased approximately 14.3 million shares—representing roughly 33% of the shares outstanding at inception—for a total investment of $1.3 billion. Moving forward, we remain committed to balancing strategic reinvestment with consistent, value-accretive capital returns to shareholders.”  

Repurchases may be executed from time to time in the open market or through privately negotiated transactions, subject to prevailing market conditions, liquidity requirements, regulatory considerations—including compliance with Rule 10b-18—and internal governance policies. The Company may also adopt Rule 10b5-1 trading plans to facilitate orderly execution.  

The program remains discretionary and may be modified, suspended, or terminated at any time without prior notice, based on evolving financial priorities, market dynamics, or strategic objectives.

Resource.: https://mp.weixin.qq.com/s/DFsSOi0WYgrgZ5ZlkvU-Jg