MATX · Matson, Inc.

Matson's Board authorized an additional 3 million shares for repurchase under its existing program, extending the program through December 31, 2029. As of April 23, 2026, approximately 0.7 million shares remained under the prior authorization. Since the program's inception in August 2021, Matson has repurchased about 14.3 million shares, or roughly 33% of then-outstanding shares, for a total cost of $1.3 billion. The company also declared a second quarter dividend of $0.36 per share, payable June 4, 2026 to shareholders of record on May 7, 2026. Management emphasized a disciplined and opportunistic approach to capital allocation, with repurchases to be made in the open market based on business capital needs, share price, and market conditions. The program may be suspended or discontinued at any time. This action underscores Matson's commitment to returning excess cash to shareholders and enhancing long-term shareholder value.