- The Board of Directors of the U.S. carrier Matson Inc (NYSE:MATX) approved adding three million shares to the existing nine million share repurchase program.
- The board has also extended the existing repurchase program to December 31, 2025.
- As of April 26, 2023, the existing share repurchase program had approximately 0.7 million shares remaining.
- The Board also declared a second-quarter dividend of $0.31 per common share.
- The dividend will be paid on June 1, 2023, to shareholders of record on May 11, 2023.
- “Since we commenced our share repurchase program in August 2021, we have repurchased approximately 8.3 million shares for a total cost of nearly $650 million,” said chairman and CEO Matt Cox.
- The company held cash and equivalents of $88.0 million as of March 31, 2023.
- Price Action: MATX shares are trading higher by 7.6% at $68.88 on the last check Friday.
Piper Sandler Maintains Overweight on TCR2 Therapeutics, Raises Price Target to $10
Piper Sandler analyst Do Kim maintains TCR2 Therapeutics (NASDAQ:TCRR) with a Overweight and raises the price target from $8 to $10.
