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Patriot Transportation Holding, Inc. Declares Special Dividend of $3.00 per Share
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
JACKSONVILLE, FL / ACCESSWIRE / December 4, 2020 / Patriot Transportation Holding, Inc. (NASDAQ:PATI) Patriot Transportation Holdings, Inc. announced today that its Board of Directors has declared a special cash dividend of $3.00 per share, or approximately $10 million in the aggregate, on the Company's outstanding common stock. This one-time, special dividend is payable on December 30, 2020, to shareholders of record at the close of business on December 17, 2020.
CONTACT: Matt McNulty Chief Financial Officer 904/858-9100
patriot transportation holding, inc. operates as a regional tank truck. the company conducts its business through its subsidiary, florida rock & tank lines, inc. its business consists of hauling petroleum related products, and dry bulk commodities and liquid chemicals. the company operates terminals in florida, georgia, alabama, south carolina, north carolina and tennessee. as of september 30, 2016, the company operated a fleet of 468 tractors and 561 tank trailers from its 21 terminals and nine satellite locations. the company offers hauling liquid petroleum products, such as gas and diesel fuel, from large scale fuel storage facilities to its customers' retail outlets, such as convenience stores, truck stops and fuel depots. its dry bulk commodities include cement, lime and various industrial powder products. it also provides delivery service in the liquid chemical and dry bulk business primarily from distribution facilities or manufacturing facilities to the end user.