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Titanium Transportation Group (TSXV:TTR) declares quarterly dividend

Transport
TSXV:TTR
18 February 2022 09:45 (EST)

Source: Titanium Transportation Group.

Titanium Transportation (TTR) has declared a quarterly dividend of 2 cents per common share.

Dividends will be paid on March 15, 2022, with a record date of February 28, 2022.

Dividends are in line with the previous payouts.  

In January 2022, Titanium acquired Brantford-based carrier, Bert and Son’s Cartage, which specializes in truckload, warehousing, distribution and logistics solutions within Ontario.

The acquisition brought ~40 dedicated drivers and staff to the Titanium team.

Setting the future of trucking

Servicing Canada and the United States, Titanium provides truckload, dedicated, and cross-border trucking services, freight logistics, and warehousing and distribution to over 1,000 customers.

The company possesses ~800 power units, 3,000 trailers and 1,100 employees and independent owner-operators.

Titanium is recognized as one of Canada’s fastest-growing companies by Canadian Business.

The company aims to build a $600+ million revenue company with superior ROIC. Transportation’s continuous industry evolution and transformation is offering a significant market opportunity to the company.

Titanium Transportation (TTR) opened trading at $2.64 per share.

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