5 Best Shipping Stocks That Pay Dividends

2. Matson, Inc. (NYSE:MATX)

Number of Hedge Fund Holders: 22

Matson, Inc. (NYSE:MATX) is an American shipping and navigation services company. It operates a fleet of container ships, which transport goods such as food and beverages, retail merchandise, construction materials, and vehicles. The company offers a quarterly dividend of $0.32 per share, having raised it by 3% in June this year. Through this increase, the company stretched its dividend growth streak to 11 years, which makes MATX one of the best shipping stocks on our list. The stock has a dividend yield of 1.14%, as of December 22.

The number of hedge funds in Insider Monkey’s database owning stakes in Matson, Inc. (NYSE:MATX) grew to 22 in Q3 2023, from 17 in the previous quarter. The consolidated value of these stakes is over $46.6 million.

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