PATRIOT TRANSPORTATION HOLDING, INC. : Regulation FD Disclosure (form 8-K)

Published: 2021-10-26 06:05:08 ET PATI

Item 7.01. Regulation FD Disclosure

On October 25, 2021, Patriot Transportation Holding, Inc. (the "Company") announced that its Board of Directors has declared a special cash dividend of $3.75 per share, or approximately $12,809,000 in the aggregate, on the Company's outstanding common stock. This one-time, special dividend is payable on November 15, 2021, to shareholders of record at the close of business on November 8, 2021. The Company's balance sheet following the payment of the dividend will have approximately $6 million of cash and zero debt.