Pangaea Logistics Solutions Declares Consistent Dividend

By Chris Stiles • Tuesday, February 17 13:47 • Permanent Link

Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) has declared a quarterly cash dividend of $0.05 per common share, payable on March 13, 2026, to shareholders of record as of February 27, 2026. This marks a consistent dividend payout compared to the previous period.

In terms of financial performance, Pangaea's revenue for the last quarter has increased by 8% to $121.5 million compared to the previous quarter, which stood at $112.5 million. The company's net income has also seen a positive trend, rising by 12% to $6.8 million from the previous quarter's $6.1 million.

Looking at the operational side, Pangaea's cargo volume has shown a notable improvement, with the total volume reaching 4.2 million freight tons, up by 6% from the previous quarter's 3.9 million freight tons. Additionally, the company's vessel days have increased by 5% to 2,600 days, compared to the previous quarter's 2,480 days.

Furthermore, Pangaea's EBITDA margin has remained steady at 10.5%, similar to the previous quarter’s margin of 10.5%. This indicates a consistent operational efficiency and profitability for the company.

Today the company's shares have moved -4.42% to a price of $6.70. For the full picture, make sure to review Pangaea Logistics Solutions's 8-K report.

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