Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) to Issue Quarterly Dividend of $0.05

Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) announced a quarterly dividend on Friday, February 13th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.05 per share by the shipping company on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, February 27th.

Pangaea Logistics Solutions has increased its dividend by an average of 0.3%per year over the last three years. Pangaea Logistics Solutions has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Pangaea Logistics Solutions to earn $0.13 per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of 153.8%.

Pangaea Logistics Solutions Price Performance

NASDAQ:PANL traded down $0.27 during mid-day trading on Wednesday, reaching $9.00. 48,874 shares of the company were exchanged, compared to its average volume of 685,640. The company has a quick ratio of 1.35, a current ratio of 1.62 and a debt-to-equity ratio of 0.72. The stock has a market cap of $584.99 million, a PE ratio of 29.96 and a beta of 0.79. Pangaea Logistics Solutions has a 12 month low of $3.93 and a 12 month high of $9.39. The company has a fifty day moving average of $7.72 and a 200 day moving average of $6.38.

Pangaea Logistics Solutions Company Profile

Pangaea Logistics Solutions Ltd. is a global transportation and logistics company that provides ocean transportation and integrated logistics services. The company operates a fleet of drybulk vessels, including Handysize, Supramax and Ultramax carriers, to transport commodities such as coal, grain, minerals, ores and steel products. In parallel, Pangaea offers asset-light logistics solutions spanning freight forwarding, supply chain management and project cargo services, enabling end-to-end transport for bulk and breakbulk shipments.

Founded in 2012 as a spin-off from an established maritime shipping group, Pangaea Logistics Solutions went public on the Nasdaq in 2013 under the ticker PANL.