Pangaea Logistics Solutions Dividends and Buybacks
Dividend criteria checks 3/6
Pangaea Logistics Solutions is a dividend paying company with a current yield of 6.81% that is well covered by earnings. Next payment date is on 13th December, 2024 with an ex-dividend date of 29th November, 2024.
Key information
6.8%
Dividend yield
0%
Buyback Yield
| Total Shareholder Yield | 6.8% |
| Future Dividend Yield | 6.8% |
| Dividend Growth | 20.6% |
| Next dividend pay date | 13 Dec 24 |
| Ex dividend date | 29 Nov 24 |
| Dividend per share | €0.400 |
| Payout ratio | 84% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PGA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PGA's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| Pangaea Logistics Solutions Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PGA) | 6.8% |
| Market Bottom 25% (DE) | 1.7% |
| Market Top 25% (DE) | 4.8% |
| Industry Average (Shipping) | 6.1% |
| Analyst forecast (PGA) (up to 3 years) | 6.8% |
Notable Dividend: PGA's dividend (6.81%) is higher than the bottom 25% of dividend payers in the German market (1.73%).
High Dividend: PGA's dividend (6.81%) is in the top 25% of dividend payers in the German market (4.82%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (83.6%), PGA's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (149.2%), PGA's dividend payments are not well covered by cash flows.