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

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.

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.