Pangaea Logistics Solutions Ltd.
PANLIndustrials · Marine Shipping · Stock · quarterly payer
Forward Yield
5.25%
Annual Dividend
$0.40
Payout Ratio
27%
5-Yr Growth
—
Ex-Date
Sep 1, 2026
Frequency
Quarterly
Key facts about PANL's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Pangaea Logistics Solutions Ltd. (PANL) has a forward dividend yield of 5.25%, based on an annual dividend of $0.40 per share and a share price of $7.61.
- As of Oct 18, 2026, PANL's dividend safety grade from SmarterDividends is C (57 out of 100), which rates the dividend as borderline.
- PANL last cut its regular dividend in 2025.
- PANL's most recent ex-dividend date was Sep 1, 2026, for a dividend of $0.10 per share.
- As of Oct 18, 2026, PANL pays out 27% of its trailing 12-month earnings as dividends (its payout ratio).
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for PANL is $7.55 per share, 1% below the $7.61 share price, so PANL screens as fairly valued.
- Pangaea Logistics Solutions Ltd. (PANL) pays its dividend quarterly, 4 times a year.
- Pangaea Logistics Solutions Ltd. (PANL) has raised its regular dividend 4 times and cut it 1 time across the 26 payments on record since 2019. Its most recent change was a 100.0% increase to $0.100 per share, going ex-dividend on Sep 1, 2026. The last cut went ex-dividend on Jun 2, 2025.
Cite this page
SmarterDividends, "PANL Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/PANL
Summary
As of Oct 18, 2026, Pangaea Logistics Solutions Ltd. (PANL) yields 5.25% ($0.40 a year per share) and has a dividend safety grade of C (57/100).
Is PANL a good dividend stock?
MixedPangaea Logistics Solutions Ltd. (PANL) pays a quarterly dividend yielding 5.25% ($0.40/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (27%)
- 99% total price return over 5 years
Risks
- Cut its dividend in 2025
Key Data
- Dividend Yield
- 5.25%
- Payout Ratio
- 27%
- Annual Dividend
- $0.40
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 1, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.81
- Market Cap
- $498.3M
- P/E Ratio
- 10.4
- 5-Yr Total Return
- 99%
- 52-Week Range
- $4.71 – $9.39
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2025)
PANL dividend raises and cuts
Pangaea Logistics Solutions Ltd. (PANL) has raised its regular dividend 4 times and cut it 1 time across the 26 payments on record since 2019. Its most recent change was a 100.0% increase to $0.100 per share, going ex-dividend on Sep 1, 2026. The last cut went ex-dividend on Jun 2, 2025.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Sep 1, 2026 | Raise | $0.0500 → $0.100 | +100.0% |
| Jun 2, 2025 | Cut | $0.100 → $0.0500 | −50.0% |
| Nov 30, 2022 | Raise | $0.0750 → $0.100 | +33.3% |
| May 31, 2022 | Raise | $0.0500 → $0.0750 | +50.0% |
| Feb 28, 2022 | Raise | $0.0350 → $0.0500 | +42.9% |
Frequently Asked Questions
Is PANL a good dividend stock?
Mixed. Pangaea Logistics Solutions Ltd. (PANL) pays a quarterly dividend yielding 5.25% ($0.40/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Is PANL undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PANL's fair value is about $7.55 versus a $7.61 share price — so it looks fairly valued (-1% vs. fair value).
Is PANL's dividend safe?
PANL has a dividend-safety grade of C (57/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.
What is PANL's fair value?
Our blended fair-value estimate for PANL is about $7.55 per share, about 1% below the current $7.61 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is PANL a buy, hold, or sell?
We don't issue formal ratings, but on the data PANL screens as "mixed" and fairly valued. Pangaea Logistics Solutions Ltd. (PANL) pays a quarterly dividend yielding 5.25% ($0.40/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.
Will PANL cut its dividend?
PANL earns a dividend-safety grade of C (57/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does PANL pay a dividend?
Yes. Pangaea Logistics Solutions Ltd. pays a quarterly dividend of about $0.40 per share annually, a forward yield of roughly 5.25%.
What is PANL's dividend yield?
As of Oct 18, 2026, PANL's forward dividend yield is 5.25%, based on a $0.40 annual dividend and a $7.61 share price.
What is PANL's dividend per share?
As of Oct 18, 2026, PANL pays $0.40 per share per year, distributed on a quarterly basis.
What is PANL's dividend payout ratio?
As of Oct 18, 2026, PANL's payout ratio is 27% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has PANL grown its dividend?
PANL does not currently have a long dividend-growth streak on record.
When is the next PANL ex-dividend date?
As of Oct 18, 2026, PANL's next ex-dividend date hasn't been announced. The most recent was Sep 1, 2026, for $0.10 per share.
PANL Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
+9%
5 Years
+99%
52-Week Range
$4.71 – $9.39
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PANL worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for Pangaea Logistics Solutions Ltd. is $7.55 per share, versus a market price of $7.61. That implies the stock is roughly fairly priced.
Fair Value
$7.55
Current Price
$7.61
Gap
-1%
Margin of Safety
-1%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -2.7% annual free-cash-flow growth. We model 0.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.3% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $0.73 EPS, $0.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PANL Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full PANL dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 1, 2026 | Sep 15, 2026 | $0.1000 | regular |
| Jun 1, 2026 | Jun 15, 2026 | $0.0500 | regular |
| Feb 27, 2026 | Mar 13, 2026 | $0.0500 | regular |
| Dec 1, 2025 | Dec 15, 2025 | $0.0500 | regular |
| Sep 2, 2025 | Sep 15, 2025 | $0.0500 | regular |
| Jun 2, 2025 | Jun 16, 2025 | $0.0500 | regular |
| Feb 28, 2025 | Mar 14, 2025 | $0.1000 | regular |
| Nov 29, 2024 | Dec 13, 2024 | $0.1000 | regular |
| Aug 30, 2024 | Sep 16, 2024 | $0.1000 | regular |
| May 30, 2024 | Jun 13, 2024 | $0.1000 | regular |
| Feb 29, 2024 | Mar 15, 2024 | $0.1000 | regular |
| Nov 30, 2023 | Dec 15, 2023 | $0.1000 | regular |
| Aug 31, 2023 | Sep 15, 2023 | $0.1000 | regular |
| May 31, 2023 | Jun 15, 2023 | $0.1000 | regular |
Income Calculator
At $0.40 / yr per share
Similar Dividend Stocks
Compare PANL
Explore more
Lists and tools related to PANL
- Industrials dividend stocks →
- PANL dividend calculator →
- PANL DRIP calculator →
- PANL: last day to buy for the dividend →
- Embed PANL dividend data on your site →
- Dividend increases & cuts this week →
- Dividend calendar →
- Dividend calculator →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →