Logistec Corporation

Logistec Corporation

August 02, 2005 16:09 ET

Logistec Declares Quarterly Dividends on Shares

MONTREAL, QUEBEC--(CCNMatthews - Aug. 2, 2005) - The Board of Directors of Logistec Corporation (TSX:LGT.MV.A) (TSX:LGT.SV.B) today announced that it has declared quarterly dividends of $0.0625 per share on all outstanding Class A common shares and $0.06875 per share on all outstanding Class B subordinate voting shares.

The dividends will be paid on October 18, 2005 to all Logistec Corporation shareholders of record at the close of business on October 4, 2005.

Logistec has been consistently profitable and has regularly paid dividends since the company went public in 1969. Dividends paid during 2004 totalled $0.22 on Class A shares and $0.242 on Class B shares.

About Logistec

Logistec Corporation, based in Montreal, provides specialized services to the marine community and industrial companies in the areas of: container, breakbulk and bulk cargo handling at 23 ports in Eastern Canada, the Great Lakes and the Eastern United States; agency services to foreign shipowners and operators serving the Canadian market; marine transportation services geared primarily to the Arctic coastal trade; and management of PCBs, site remediation, risk assessment, and rehabilitation of underground pipes and aqueducts. The company has more than doubled its annual revenue since 1995 through internal growth and strategic acquisitions.

Logistec's shares are listed on the Toronto Stock Exchange under the symbols LGT.MV.A and LGT.SV.B. More information can be obtained from the company's website at www.logistec.com

Contact Information

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