Rhode Island-based Pangaea Logistics Solutions is rewarding shareholders after turning yet another profit in a weakening third quarter and significantly outperforming market indices.
New York-listed Pangaea jumped its dividend to $0.10 per share from $0.075 after it produced an adjusted net income of $23.3m or $0.52 per share. Revenue was $184.5m.
The profit topped an adjusted figure of $21.65m
