Dividends

Upcoming ex-dividend dates, recent cuts and initiations across 10+ years of US dividend history.
Pangaea Logistics Solutions (PANL) — Dividend Profile
Consumer Discretionary·Marine Transportation
6y payment streakActiveQuarterly
Forward Yield
2.44%
@ $8.19
TTM Yield
1.83%
Forward Annual
$0.20
Quarterly
Market Cap
$0.5b
Payout (FCF)
39%
2.6x covered
Payout (Earnings)
97%
Latest Amount
$0.0500
Ex 2026-02-27
3y CAGR
-50.0%
5y CAGR
-13.8%
10y CAGR
—
Next Ex-Date
2026-06-01
Last recorded cut on or near 2025-09-02.
Dividend Safety Forensics
Composite of six quantitative scores plus a 5-point yield-trap framework. Each axis contributes independently; the overall label is the aggregate.
Forensics: CleanYield Trap: Green0 of 6 red flags · 0 of 5 trap signals
Score breakdown
Altman Z (bankruptcy)
Distance from bankruptcy. Safe > 2.99, Distress < 1.81.
Grey (1.89)
Ohlson O (default prob)
Estimated 1-year probability of financial distress.
High (51.8%)
Piotroski F-Score
Fundamental quality (9 binary criteria). 7+ strong, 3- weak.
6/9 (Moderate)
Beneish M (manipulation)
Detects accounting manipulation signals in earnings.
Clean
Dividend Safety (EQ)
Composite from payout ratio, FCF coverage, accrual quality.
Safe
FCF Coverage
Free cash flow divided by dividends. 2.0× = strong cushion.
3.05×
Yield-trap signals (5-point Benzinga framework)
Payout > 100%
Paying out more than it earns over TTM.
✓ OK
FCF coverage < 1.0×
Free cash flow doesn't fully cover the dividend.
✓ OK
Yield > 2× sector median
Yield well above peers — often a sign of price collapse, not premium income.
✓ OK
High leverage (D/E > 2)
Debt-to-equity above 2× — limits flexibility if cash flow dips.
✓ OK
6m return < -25%
Current 6m return: +23.2%
✓ OK
Annual dividends per share
Sum of recurring per-share payments per calendar year. Current year is partial.
Cumulative per-share payments
Full dividend history (24)
Ex-Date▼AmountFrequencyPay DateType
2026-06-01$0.0500Quarterly2026-06-15recurring
2026-02-27$0.0500Quarterly2026-03-13recurring
2025-12-01$0.0500Quarterly2025-12-15recurring
2025-09-02$0.0500Quarterly2025-09-15recurring
2025-02-28$0.1000Quarterly2025-03-14recurring
2024-11-29$0.1000Quarterly2024-12-13recurring
2024-08-30$0.1000Quarterly2024-09-16recurring
2024-05-30$0.1000Quarterly2024-06-13recurring
2024-02-29$0.1000Quarterly2024-03-15recurring
2023-11-30$0.1000Quarterly2023-12-15recurring
2023-08-31$0.1000Quarterly2023-09-15recurring
2023-05-31$0.1000Quarterly2023-06-15recurring
2023-02-28$0.1000Quarterly2023-03-15recurring
2022-11-30$0.1000Quarterly2022-12-15recurring
2022-08-31$0.0750Quarterly2022-09-15recurring
2022-05-31$0.0750Quarterly2022-06-15recurring
2022-02-28$0.0500Quarterly2022-03-15recurring
2021-11-30$0.0350Quarterly2021-12-15recurring
2021-08-31$0.0350Quarterly2021-09-15recurring
2021-05-28$0.0350Quarterly2021-06-15recurring
2021-02-26$0.0200—2021-03-15unknown
2019-11-20$0.0350Quarterly2019-12-03recurring
2019-08-23$0.0350Quarterly2019-09-03recurring
2019-05-31$0.0350Quarterly2019-06-11recurring
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