Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) to Issue $0.05 Quarterly Dividend

Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) declared a quarterly dividend on Monday, May 11th. Stockholders of record on Monday, June 1st will be given a dividend of 0.05 per share by the shipping company on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, June 1st.

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 $0.35 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 57.1%.

Pangaea Logistics Solutions Stock Down 1.9%

Pangaea Logistics Solutions stock opened at $7.69 on Tuesday. The company has a market capitalization of $502.31 million, a P/E ratio of 24.81 and a beta of 0.81. The firm’s fifty day simple moving average is $7.57 and its 200-day simple moving average is $7.28. The company has a current ratio of 1.69, a quick ratio of 1.46 and a debt-to-equity ratio of 0.69. Pangaea Logistics Solutions has a 1-year low of $4.21 and a 1-year high of $9.39.

Pangaea Logistics Solutions (NASDAQ:PANL) last released its quarterly earnings results on Monday, May 11th. The shipping company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $170.58 million for the quarter, compared to the consensus estimate of $165.79 million. Pangaea Logistics Solutions had a net margin of 3.06% and a return on equity of 3.80%. Sell-side analysts forecast that Pangaea Logistics Solutions will post 0.27 earnings per share for the current fiscal year.

Pangaea Logistics Solutions Company Profile

Pangaea Logistics Solutions Ltd. is a global transportation and logistics company that provides ocean transportation and integrated logistics services. The company operates a fleet of drybulk vessels, including Handysize, Supramax and Ultramax carriers, to transport commodities such as coal, grain, minerals, ores and steel products. In parallel, Pangaea offers asset-light logistics solutions spanning freight forwarding, supply chain management and project cargo services, enabling end-to-end transport for bulk and breakbulk shipments.

Founded in 2012 as a spin-off from an established maritime shipping group, Pangaea Logistics Solutions went public on the Nasdaq in 2013 under the ticker PANL.