Logistec (LGT.B) Sets New 52-Week High After Dividend Announcement

Shares of Logistec (TSE:LGT.B) reached a new 52-week high during mid-day trading on Friday following a dividend announcement from the company. The company traded as high as C$50.00 and last traded at C$47.47, with a volume of 350 shares changing hands. The stock had previously closed at C$47.92.

The newly announced dividend which will be paid on Friday, April 20th. Stockholders of record on Friday, April 20th will be issued a $0.0907 dividend. The ex-dividend date is Thursday, April 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Logistec’s previous quarterly dividend of $0.07.

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Logistec Company Profile

Logistec Corp is a Canada-based company, which provides cargo handling and other services to a range of marine, industrial and municipal customers. The Company operates through two segments: marine services and environmental services. Its marine services segment provides specialized cargo handling and other services to a range of marine and industrial customers.

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