Logistec Corporation

Logistec Corporation

May 06, 2011 09:58 ET

Logistec Corporation Declares Quarterly Dividends on Shares

MONTRÉAL, QUÉBEC--(Marketwire - May 6, 2011) - The Board of Directors of Logistec Corporation (TSX:LGT.A)(TSX:LGT.B) today announced that it has declared quarterly dividends of $0.08525 per share on all outstanding Class A Common Shares and $0.093775 per share on all outstanding Class B Subordinate Voting Shares.

The dividends will be paid on July 7, 2011, to all Logistec Corporation shareholders of record at the close of business on June 23, 2011. This dividend is an eligible dividend for Canada Revenue Agency purposes.

Dividends paid during 2010 totalled $0.317750 per Class A Common Share and $0.349525 per Class B Subordinate Voting Share.

About Logistec

Logistec Corporation is based in Montréal (QC) and provides specialized services to the marine community and industrial companies in the areas of container, break-bulk and bulk cargo handling in 23 ports in Eastern Canada, the Great Lakes and the U.S. East Coast. Logistec also offers marine transportation services geared primarily to the Arctic coastal trade, short-line rail transportation services, as well as agency services to foreign shipowners and operators serving the Canadian market. Furthermore, the Company operates in the environmental sector where it provides services to industrial companies and municipalities for the trenchless structural rehabilitation of underground water mains, PCB management, site remediation, risk assessment, and woven-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.

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