|By Marketwired .||
|March 21, 2014 12:52 PM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 03/21/14 -- The Board of Directors of Logistec Corporation (TSX: LGT.A) and (TSX: LGT.B) announced today that it has declared quarterly dividends of $0.105 per share on all outstanding Class A Common Shares and $0.1155 per share on all outstanding Class B Subordinate Voting Shares.
The dividends will be paid on April 11, 2014 to all Logistec Corporation shareholders of record at the close of business on March 28, 2014. This dividend is an eligible dividend for Canada Revenue Agency purposes.
Dividends paid during 2013 totalled $0.375 per Class A Common Share and $0.4125 per Class B Subordinate Voting Share.
Logistec Corporation is based in Montreal (QC) and provides specialized services to the marine community and industrial companies in the areas of bulk, break-bulk and container cargo handling in 26 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 marine 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, municipal, and other governmental customers 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.
Jean-Claude Dugas CPA, CA
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
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