Matson Inc (Symbol: MATX) has been named as the ”Top Dividend Stock of the Dow Transports”, according to Dividend Channel, which published its most recent ”DividendRank” a report The report noted that among the components of the Dow Jones Transportation Average, MATX stock displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at Matson Inc, and favorable long-term multi-year growth rates in key fundamental data.
The report stated, ”Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies that also happen to trade at an attractive valuation. That’s what we aim to find by using our proprietary DividendRank formula, which ranks the coverage universe based on our various criteria for profitability and valuation, to generate a list of the most “interesting” stocks, intended for investors as a source of ideas that merit further investigation.”
The Dow Jones Transportation Average, or ”Dow Transports” for short, actually predates the Dow Jones Industrial Average, and is the most widely followed index covering the US transportation sector. Click here to see the most popular ETF that tracks the Dow Jones Industrial Average, and to see the components and their weightings, at ETFChannel.com »
The current annualized dividend paid by Matson Inc is $1.28/share, currently paid in quarterly payments, and its most recent ex-dividend date was 07/02/2024. Below is a long-term dividend history chart for MATX, which the report highlighted as being of major importance. Indeed, studying a company’s past dividend history can be a good help in judging whether the most recent dividend is likely to continue.
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