Cash Dividend On The Way From Pangaea Logistics Solutions (PANL)By Dividend Channel Staff, Wednesday, May 26, 11:09 AM ETOn 5/28/21, Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) will trade ex-dividend, for its quarterly dividend of $0.035, payable on 6/15/21. As a percentage of PANL's recent stock price of $3.91, this dividend works out to approximately 0.90%, so look for shares of Pangaea Logistics Solutions Ltd. to trade 0.90% lower — all else being equal — when PANL shares open for trading on 5/28/21. Below is a dividend history chart for PANL, showing historical dividends prior to the most recent $0.035 declared by Pangaea Logistics Solutions Ltd.: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PANL is likely to continue, and whether the current estimated yield of 3.58% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PANL shares, versus its 200 day moving average:
Looking at the chart above, PANL's low point in its 52 week range is $1.84 per share, with $4.29 as the 52 week high point — that compares with a last trade of $3.95. Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
In Wednesday trading, Pangaea Logistics Solutions Ltd. shares are currently up about 1.3% on the day.
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