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Matson hits the stock exchange

By Erika Engle

LAST UPDATED: 11:47 a.m. HST, Jul 02, 2012

Matson Inc. began trading on the New York Stock Exchange today under the ticker symbol MATX.

The move follows the separation of Alexander & Baldwin Holdings, Inc. into Matson Inc. and Alexander & Baldwin, Inc.

Matson's board of directors declared a third quarter 2012 dividend of 15 cents per common share, which is payable Sept. 6 to Matson shareholders of record as of the close of business August 2.

Matson ended its first full day of trading at $27.83, up $1.33. During the day it traded at a range of $27.31 to $30.16. Alexander & Baldwin Holdings closed at $25.30, up 13 cents, and ranged from $23.50 to $26.93. 

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cojef wrote:
What is the stack selling for?? Any buyers, tell me if it's worth investing in this staock??
on July 2,2012 | 07:49AM
Maneki_Neko wrote:
Let's see.....near monopoly.....competitors teetering on bankruptcy....protected by Jones Act, a favorite of our Congressional delegation....growing island population with 85% of consumer products imported by sea.....PUC kowtows to every fuel adjustment and rate increase.....politically wired since, well, forever......

Disclaimer: not financial advice. For that, you have to subscribe to my newsletter.

on July 2,2012 | 09:47AM
serious wrote:
I can see you are Hawaii school system educated---but, buy AAPL.
on July 2,2012 | 10:28AM
Changalang wrote:
Go Dods Go !
on July 2,2012 | 08:47AM
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