"The strong cash flows generated from our core businesses allow us to support a solid dividend to our shareholders," said Matt Cox, Matson's President and Chief Executive Officer. "At the same time, we have the financial capacity to maintain a strong investment grade metric balance sheet while also providing for growth investments and any future vessel replacement needs." The dividend is payable March 7, 2013 to Matson shareholders of record as of the close of business on February 14, 2013. Founded in 1882, Matson is a leading U.S. carrier in the Pacific.