Pangaea Logistics Solutions Ltd. (NASDAQ:PANL - Get Free Report) announced a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Tuesday, September 2nd will be paid a dividend of 0.05 per share by the shipping company on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 2nd.
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 Stock Performance
Shares of NASDAQ PANL traded up $0.08 during midday trading on Friday, reaching $4.91. 378,612 shares of the stock were exchanged, compared to its average volume of 251,735. The firm has a market cap of $322.19 million, a price-to-earnings ratio of 14.44 and a beta of 0.77. Pangaea Logistics Solutions has a twelve month low of $3.93 and a twelve month high of $7.49. The firm has a 50-day simple moving average of $4.88 and a two-hundred day simple moving average of $4.81. The company has a quick ratio of 1.28, a current ratio of 1.61 and a debt-to-equity ratio of 0.73.
Pangaea Logistics Solutions (NASDAQ:PANL - Get Free Report) last announced its earnings results on Thursday, August 7th. The shipping company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. Pangaea Logistics Solutions had a return on equity of 4.97% and a net margin of 2.75%. The firm had revenue of $156.69 million for the quarter, compared to analyst estimates of $129.24 million. As a group, analysts anticipate that Pangaea Logistics Solutions will post 0.43 EPS for the current fiscal year.
Pangaea Logistics Solutions Company Profile
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Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. It offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone.
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