Logistec Corporation

Logistec Corporation

December 07, 2011 13:41 ET

Logistec Corporation Declares Quarterly Dividends on Shares

MONTRÉAL, QUÉBEC--(Marketwire - Dec. 7, 2011) - The Board of Directors of Logistec Corporation (TSX:LGT.A)(TSX:LGT.B) today announced that it has declared quarterly dividends of $0.0875 per share on all outstanding Class A Common Shares and $0.09625 per share on all outstanding Class B Subordinate Voting Shares.

The dividends will be paid on January 18, 2012 to all Logistec Corporation shareholders of record at the close of business on January 4, 2012. This dividend is an eligible dividend for Canada Revenue Agency purposes.

Dividends paid during 2011 totalled $0.34325 per Class A Common Share and $0.377575 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 bulk, break-bulk and container 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.

Contact Information

  • Jean-Claude Dugas CA
    Vice-President, Finance
    Logistec Corporation
    (514) 985-2345