Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
General Information: Matson’s common stock is traded on the New York Stock Exchange under the stock ticker symbol “MATX”. As of February 13, 2026, there were 1,720 shareholders of record of Matson common stock.
Stockholder Return Performance Graph and Trading Information: The following information in this Item 5 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.
The cumulative total return listed below assumed an initial investment of $100 and reinvestment of dividends at each fiscal end and measures the performance of this investment as of the last trading day in the month of December for each of the five years ended December 31, 2025. The graph is a historical representation of past performance only and is not necessarily indicative of future performance.
The graph above represents $100 invested on December 31, 2020 in the Company’s stock or the indicated index, including reinvestment of dividends.
Trading volume averaged 384,675 shares a day in 2025, compared with 271,862 shares a day in 2024 and 274,339 shares a day in 2023, as reported by the New York Stock Exchange.
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Dividends: Dividends per share of common stock declared by the Company for each fiscal quarter during 2025, 2024 and 2023 were as follows:
Dividends Declared
2025
2024
2023
First Quarter
$
0.34
$
0.32
$
0.31
Second Quarter
0.34
0.32
0.31
Third Quarter
0.36
0.34
0.32
Fourth Quarter
0.36
0.34
0.32
Total
$
1.40
$
1.32
$
1.26
The Board declared a cash dividend of $0.36 per share for the first quarter 2026, payable on March 5, 2026 to shareholders of record on February 5, 2026. Although Matson expects to continue paying quarterly cash dividends on its common stock, the declaration and payment of dividends are subject to the discretion of the Board and depends upon Matson’s financial condition, results of operations, cash flow requirements and other factors deemed relevant by the Board.
Repurchase of Shares: The following is a summary of common stock repurchased by the Company during the three months ended December 31, 2025:
Total Number of
Maximum Number
Shares Purchased
of Shares that May
Total Number of
as Part of Publicly
Yet Be Purchased
Shares
Average Price
Announced Plans or
Under the Plans or
Period
Purchased
Paid Per Share
Programs (1) (2)
Programs
October 1 – 31, 2025
337,401
$
95.55
337,401
1,518,555
November 1 – 30, 2025
187,920
106.30
187,920
1,330,635
December 1 – 31, 2025
207,500
120.65
207,500
1,123,135
Total
732,821
$
105.41
732,821
(1) On June 24, 2021, Matson’s Board approved a share repurchase program of up to 3.0 million shares of common stock, with subsequent approvals for the addition of 3.0 million shares on each of January 27, 2022, August 23, 2022 and April 27, 2023 and February 27, 2025, for an aggregate total authorization of 15.0 million shares of common stock. The share repurchase program expires on December 31, 2027. Shares will be repurchased in the open market from time to time, and may be made pursuant to a trading plan in accordance with Rule 10b5-1 of the Security Exchange Act of 1934.
(2) Amounts exclude shares withheld for employee taxes upon vesting of stock-based awards.
ITEM 6. REMOVED AND RESERVED
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