#United States #Pangaea Logistics #PANL #maritime logistics #Newport, R.I.

Pangaea Logistics Solutions Ltd. Declares Cash Dividend

Pangaea Logistics Solutions Ltd., a leading player in maritime logistics, announced today that its Board of Directors has approved a cash dividend. This move signifies the company's ongoing commitment to rewarding its shareholders, reflecting positive results in its operations.

On February 13, 2025, the company revealed that a quarterly cash dividend of $0.10 per common share will be distributed on March 14, 2025. This payment is set for all shareholders recorded as of February 28, 2025.

About Pangaea Logistics Solutions

Pangaea Logistics Solutions Ltd. trades under the ticker NASDAQ: PANL and provides a comprehensive suite of maritime logistics services globally. The company focuses on seaborne dry bulk logistics, ensuring efficient transportation and terminal operations, which cover a wide range of dry bulk cargoes such as grains, coal, and iron ore, among others.

With a keen focus on logistics expertise, Pangaea caters to a diverse array of industrial customers. Their service offerings include not only cargo loading and discharge but also port and terminal management, vessel chartering, and voyage planning. This robust infrastructure enables Pangaea to effectively meet the logistical needs of their varied clientele.

The decision to declare this dividend is a testament to Pangaea's strong market position and positive financial outlook. By engaging in such fiscal responsibility, the company aims to build long-term value for its shareholders while continually enhancing its operational capabilities.

Investor Relations

For investors seeking more insight, queries can be directed to Gianni Del Signore, Chief Financial Officer, or Stefan C. Neely of Vallum Advisors at (401) 846-7790 or via email. Pangaea remains committed to transparency and effective communication with its investment community.

Forward-Looking Statements

It's important to note that the company has indicated that certain statements contained in this announcement are classified as forward-looking statements under the Private Securities Litigation Act of 1995. Pangaea emphasizes that these statements reflect the company's present expectations and beliefs, which can be subject to various uncertainties and risk factors—ranging from market conditions to regulatory changes. Potential fluctuations in shipping demand and operating costs could greatly influence the accuracy of these statements.

Pangaea's shareholders can stay updated on significant developments by visiting the company’s official website at Pangaea Logistics Solutions.

In conclusion, the declared dividend not only serves as a reward but also highlights Pangaea's dedication to sustaining growth and providing value in the maritime logistics sector. With a strong financial base and expansive operational capabilities, the future seems promising for both the company and its stakeholders.