Pangaea Logistics Solutions (PANL) Raises Quarterly Dividend 42.9% to $0.05; 4.3% Yield

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Go back to Pangaea Logistics Solutions (PANL) Raises Quarterly Dividend 42.9% to $0.05; 4.3% Yield

Pangaea Logistics Solutions Ltd. Announces Increase to Quarterly Cash Dividend

February 16, 2022 4:41 PM EST

NEWPORT, R.I., Feb. 16, 2022 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, announced today that its Board of Directors has declared a quarterly cash dividend of $0.05 per common share, an increase of 43% from its previous quarterly cash dividend, to be paid on March 15, 2022 to all shareholders of record as of March 1, 2022.

Pangaea's Chief Executive Officer, Mark Filanowski, commented, "We see continued strength in the shipping markets in which we participate, and we feel we are in a longer... More