MONTRÉAL, Aug. 1, 2014 /CNW Telbec/ - The Board of Directors of Logistec
Corporation (TSX: LGT.A and LGT.B) announced today 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 15, 2014 to all Logistec
Corporation shareholders of record at the close of business on October
1, 2014. This dividend is an eligible dividend for Canada Revenue
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 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 29 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.
SOURCE Logistec Corporation