MONTRÉAL, July 31, 2015 /CNW Telbec/ - The Board of Directors of Logistec Corporation (TSX: LGT.A LGT.B) announced today that it elected to increase the dividend payment by 20%, and has declared quarterly dividends of $0.075 per share on all outstanding Class A Common Shares and $0.0825 per share on all outstanding Class B Subordinate Voting Shares.
The dividends will be paid on October 15, 2015 to all Logistec Corporation shareholders of record at the close of business on October 1, 2015. This dividend is an eligible dividend for Canada Revenue Agency purposes.
Dividends paid during 2014 totalled $0.97 per Class A Common Share and $1.067 per Class B Subordinate Voting Share.
Logistec Corporation is based in Montréal (QC) and provides specialized services to the marine community and industrial companies in the areas of bulk, break-bulk and container cargo handling in 31 ports in eastern North America. Logistec also offers marine transportation services geared primarily to the Arctic coastal trade, short-line rail transportation services, as well as marine agency services to foreign shipowners and operators serving the Canadian market. Furthermore, the Company operates in the environmental sector where it provides services to industrial, municipal and other governmental customers for the trenchless structural rehabilitation of underground water mains, regulated materials management, site remediation, risk assessment, and woven-hose manufacturing.
The Company has been profitable and has paid regular dividends since becoming public and payments have grown steadily over the years. A public company since 1969, Logistec's shares are listed on the Toronto Stock Exchange under the ticker symbols LGT.A and LGT.B. More information can be obtained on the Company's website at www.logistec.com.
SOURCE Logistec Corporation
For further information: Jean-Claude Dugas cpa, ca, Vice-President, Finance, Logistec Corporation, [email protected], (514) 985-2345