Pangaea Logistics Solutions Ltd. Announces Quarterly Cash Dividend
Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) declared a quarterly cash dividend of $0.10 per common share, payable on March 15, 2023 to shareholders of record by March 1, 2023.
Sentiment and the balance of points
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Rhea-AI Summary
Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) declared a quarterly cash dividend of $0.10 per common share, payable on March 15, 2023 to shareholders of record by March 1, 2023. The company offers comprehensive maritime logistics services for industrial customers, specializing in a variety of dry bulk cargoes. This dividend announcement reflects the company's confidence in its financial health and commitment to returning value to shareholders.
Positive
- Quarterly cash dividend of $0.10 per share pays on March 15, 2023.
Negative
- None.
Details
News Market Reaction – PANL
The recorded move for PANL in the trading session of this news was +0.65%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
About
Investor Relations Contacts | |
Chief Financial Officer | |
401-846-7790 | |
Forward-Looking Statements
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The Company disclaims any obligation to publicly update or revise these statements whether as a result of new information, future events or otherwise, except as required by law. Such risks and uncertainties include, without limitation, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors, as well as other risks that have been included in filings with the
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