Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of March 16, 2022, the company owned and operated a fleet of 25 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.
Pangaea Logistics Solutions Dividend Announcement
• Pangaea Logistics Solutions announced a quarterly dividend of $0.10 per ordinary share which will be made payable on 2024-09-16. Ex dividend date: 2024-08-30
• Pangaea Logistics Solutions annual dividend for 2024 was $0.30
• Pangaea Logistics Solutions annual dividend for 2023 was $0.40
• Pangaea Logistics Solutions's trailing twelve-month (TTM) dividend yield is 6.45%
• Pangaea Logistics Solutions's payout ratio for the trailing twelve months (TTM) is 51.98%
Pangaea Logistics Solutions Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-30 | $0.10 | quarterly | 2024-09-16 |
2024-05-30 | $0.10 | quarterly | 2024-06-13 |
2024-02-29 | $0.10 | quarterly | 2024-03-15 |
2023-11-30 | $0.10 | quarterly | 2023-12-15 |
2023-08-31 | $0.10 | quarterly | 2023-09-15 |
2023-05-31 | $0.10 | quarterly | 2023-06-15 |
2023-02-28 | $0.10 | quarterly | 2023-03-15 |
2022-11-30 | $0.10 | quarterly | 2022-12-15 |
2022-08-31 | $0.07 | quarterly | 2022-09-15 |
2022-05-31 | $0.07 | quarterly | 2022-06-15 |
2022-02-28 | $0.05 | quarterly | 2022-03-15 |
2021-11-30 | $0.04 | quarterly | 2021-12-15 |
2021-08-31 | $0.04 | quarterly | 2021-09-15 |
2021-05-28 | $0.04 | quarterly | 2021-06-15 |
2021-02-26 | $0.02 | quarterly | 2021-03-15 |
2019-11-20 | $0.04 | quarterly | 2019-12-03 |
2019-08-23 | $0.04 | quarterly | 2019-09-03 |
2019-05-31 | $0.04 | quarterly | 2019-06-11 |
Pangaea Logistics Solutions Dividend per year
Pangaea Logistics Solutions Dividend growth
Pangaea Logistics Solutions Dividend Yield
Pangaea Logistics Solutions current trailing twelve-month (TTM) dividend yield is 6.45%. Interested in purchasing Pangaea Logistics Solutions stock? Use our calculator to estimate your expected dividend yield:
Pangaea Logistics Solutions Financial Ratios
Pangaea Logistics Solutions Dividend FAQ
Other factors to consider when evaluating Pangaea Logistics Solutions as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Pangaea Logistics Solutions's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Pangaea Logistics Solutions publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Pangaea Logistics Solutions distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Pangaea Logistics Solutions are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Pangaea Logistics Solutions sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Pangaea Logistics Solutions distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Pangaea Logistics Solutions declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Pangaea Logistics Solutions's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Pangaea Logistics Solutions's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.