PANL raises its quarterly dividend 100% to $0.10 per share

PANL (Pangaea Logistics Solutions Ltd.) has announced a 100% increase in its quarterly dividend, raising the payout from $0.05 to $0.10 per share. The new dividend is payable to shareholders of record as of the ex-dividend date of September 1, 2026.

The numbers

The company's payment history shows consistent quarterly payments of $0.05 over the past year, with the last six payments at that level. The new $0.10 payment represents a doubling of the quarterly rate. At the current stock price of $8.07, the new annualized dividend of $0.40 per share implies a forward yield of approximately 4.96%, up from the trailing twelve-month yield of 3.10% based on $0.25 per share in dividends over the past year. The company has not provided a 5-year dividend CAGR, and it has not recorded consecutive years of increases, indicating this raise is a notable shift in its payout policy.

What it means for income investors

For investors holding 100 shares, the new quarterly dividend of $0.10 per share translates to $10 per quarter, or $40 annually, up from $20 annually at the previous rate. This increase boosts the annual income from a 100-share position by $20. The ex-dividend date of September 1, 2026, is the key date for investors to be eligible for the upcoming payment.

Reporting based on: DividendSmart market data. Figures verified against market data where available.