2018 August 14 15:44

Logistec Corporation declares quarterly drvidends on shares

The Board of Directors of Logistec Corporation announced that it has declared quarterly dividends of $0.09075 per share on all outstanding Class A Common Shares and $0.099825 per share on all outstanding Class B Subordinate Voting Shares.

The dividends will be paid on October 12, 2018 to all Logistec Corporation shareholders of record at the close of business on September 28, 2018. This dividend is an eligible dividend for Canada Revenue Agency purposes.

Dividends paid during 2017 totalled $0.31 per Class A Common Share and $0.34 per Class B Subordinate Voting Share.

About Logistec

Logistec Corporation is based in Montréal (Québec) and provides specialized services to the marine community and industrial companies. It offers bulk, break-bulk and container cargo handling in some 35 ports and 60 terminals located in eastern North America. In addition, Logistec offers marine transportation services geared primarily to the Arctic coastal trade, as well as marine agency services to foreign shipowners and operators serving the Canadian market.

Logistec also operates in the environmental sector where it provides services to industrial, municipal and governmental customers for the trenchless structural rehabilitation of underground water mains, regulated materials management, site remediation, risk assessment, and manufacturing of woven hoses.

A public company since 1969, Logistec's shares are listed on the Toronto Stock Exchange (TSX) under the ticker symbols LGT.A and LGT.B.