Westshore Terminals ( (TSE:WTE) ) has shared an update.
Westshore Terminals announced a Q1 2025 dividend of $0.375 per share, reflecting its ongoing commitment to shareholder returns amidst a projected throughput of 26.5 million tonnes for the year. The company is advancing its potash project with BHP’s Jansen Mine, having spent $545 million to date, with future costs expected to be covered by cash reserves and borrowing. Despite cost overruns due to inflation and engineering delays, the project remains on track for completion in 2026, with significant revenue anticipated in 2027.
More about Westshore Terminals
Westshore Terminals Investment Corporation operates in the transportation and logistics industry, focusing primarily on the handling and shipping of bulk commodities. The company is known for its terminal operations, particularly in the shipment of coal and potash, and is strategically positioned to leverage infrastructure projects to enhance its market presence.
YTD Price Performance: 6.79%
Average Trading Volume: 100,529
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$1.53B
See more data about WTE stock on TipRanks’ Stock Analysis page.