POSTED: 7:34 a.m. HST, Jul 2, 2012
LAST UPDATED: 11:47 a.m. HST, Jul 2, 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.