MONTRÉAL, March 17, 2017 /CNW Telbec/ - The Board of Directors of Logistec Corporation (TSX: LGT.A LGT.B) announced today that it 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 April 21, 2017 to all Logistec Corporation shareholders of record at the close of business on April 7, 2017. This dividend is an eligible dividend for Canada Revenue Agency purposes.
Dividends paid during 2016 totalled $0.30 per Class A Common Share and $0.33 per Class B Subordinate Voting Share.
Logistec Corporation is based in Montréal (Québec) and provides specialized services to the marine community and industrial companies. It offers bulk, break-bulk and container cargo handling in some 30 ports and 40 terminals located in eastern North America. In addition, Logistec 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.
Logistec also operates in the environmental sector where it provides services to industrial, municipal and governmental customers for the trenchless structural rehabilitation of underground water mains, regulated materials management, site remediation, risk assessment, and manufacturing of woven hoses.
A public company since 1969, Logistec's shares are listed on the Toronto Stock Exchange (TSX) under the ticker symbols LGT.A and LGT.B. For more information, please visit www.logistec.com.
SOURCE Logistec Corporation
For further information: Jean-Claude Dugas CPA, CA, Vice-President, Finance, Logistec Corporation, [email protected]gistec.com, (514) 985-2345