Patriot Transportation Holding, Inc. Declares Special Dividend of $3.00 per Share

(Neutral)

Rhea-AI Summary

Patriot Transportation Holding has declared a special cash dividend of $3.00 per share, totaling approximately $10 million. This one-time dividend is payable on December 30, 2020, to shareholders who are on record as of December 17, 2020. This announcement reflects the company’s commitment to returning value to its shareholders.

Positive

Special cash dividend of $3.00 per share, totaling $10 million, enhances shareholder value.

Negative

None.

News Market Reaction – PATI

+17.67%

+17.67% Session move

In the trading session that priced this news, PATI gained 17.67%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

12/04/2020 - 04:25 PM

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

SOURCE: Patriot Transportation Holding, Inc.

View source version on accesswire.com:
https://www.accesswire.com/619582/Patriot-Transportation-Holding-Inc-Declares-Special-Dividend-of-300-per-Share

FAQ

What is the dividend amount declared by Patriot Transportation Holding?

Patriot Transportation Holding declared a special cash dividend of $3.00 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on December 30, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is December 17, 2020.

How much total will Patriot Transportation pay in dividends?

Patriot Transportation will pay approximately $10 million in total dividends.