Logistec Corporation

Logistec Corporation

December 10, 2009 11:36 ET

Logistec Corporation Declares Quarterly Dividends on Shares

MONTREAL, QUEBEC--(Marketwire - Dec. 10, 2009) - The Board of Directors of Logistec Corporation (TSX:LGT.A)(TSX:LGT.B) today announced that it has declared quarterly dividends of $0.0775 per share on all outstanding Class A common shares and $0.08525 per share on all outstanding Class B subordinate voting shares.

The dividends will be paid on January 18, 2010 to all Logistec Corporation shareholders of record at the close of business on January 4, 2010. This dividend is an eligible dividend for Canada Revenue Agency purposes.

Dividends paid during 2009 totalled $0.31 per Class A share and $0.341 per Class B share.

About Logistec

Logistec Corporation is based in Montreal (QC) and provides specialized services to the marine community and industrial companies in the areas of container, break-bulk and bulk cargo handling at 23 ports in Eastern Canada, the Great Lakes and the U.S. East Coast, including a short-line railway linked to a coal-handling operation in Cape Breton (NS). Logistec also offers agency services to foreign shipowners and operators serving the Canadian market; as well as marine transportation services geared primarily to the Arctic coastal trade. Furthermore, the Company operates in the environmental sector where it provides services for the trenchless structural rehabilitation of water mains, PCB management, site remediation, risk assessment and fire-hose manufacturing. The Company has been profitable and has paid regular dividends since becoming public and payments have grown steadily over the years.

A public company since 1969, Logistec's shares are listed on the Toronto Stock Exchange under the ticker symbols LGT.A and LGT.B. More information can be obtained at the Company's website at www.logistec.com.

Contact Information

  • Logistec Corporation
    Jean-Claude Dugas CA
    Vice-President, Finance