PAC BASIN SHIPP/ADR (PCFBY) to Issue $0.08 Semi-Annual Dividend

PAC BASIN SHIPP/ADR (OTCMKTS:PCFBY) declared a Semi-Annual dividend on Friday, March 1st, Zacks reports. Investors of record on Tuesday, April 23rd will be given a dividend of 0.083 per share on Wednesday, May 22nd. The ex-dividend date is Monday, April 22nd.

OTCMKTS:PCFBY opened at $4.21 on Wednesday. PAC BASIN SHIPP/ADR has a 52-week low of $3.87 and a 52-week high of $5.67. The stock has a market cap of $934.21 million, a P/E ratio of 210.50 and a beta of -0.45.

A number of equities analysts recently weighed in on the company. Zacks Investment Research lowered PAC BASIN SHIPP/ADR from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. upgraded PAC BASIN SHIPP/ADR from a “neutral” rating to an “overweight” rating in a research report on Monday, January 21st.

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PAC BASIN SHIPP/ADR Company Profile

Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide. As of February 28, 2019, the company had a fleet of 217 ships, including 132 Handysize vessels, 83 Supramax vessels, and 2 Post Panamax vessels. It also offers ocean shipping services, shipping consulting and ship agency, crewing, secretarial, and agency and ship management services, as well as issues convertible bonds.

See Also: Derivative

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