11:57 AM EST, 02/10/2025 (MT Newswires) -- (Updates shares.)

Titanium Transportation ( TTNMF ) late on Friday said its board suspended the company's dividend, due to "ongoing market challenges."

"Given the current softness in our core markets and growing uncertainty surrounding potential tariff changes, we are adopting a proactive and disciplined approach to capital allocation," said Titanium chief executive Ted Daniel.

The board will review the company's budget, cash flow forecast, growth opportunities and market conditions on a quarterly basis to determine whether dividends will be reinstated for future quarters.

Titanium's shares were last seen down $0.32 to $1.77,a 52-week low, on the TSX Venture Exchange.

Price: 1.77, Change: -0.32, Percent Change: -15.31