06:48 AM EDT, 03/11/2024 (MT Newswires) -- Westshore Terminals Investment Corp. ( WTSHF ) over the weekend raised the quarterly dividend to $0.375 per share from $0.35 per share.

The dividend will be paid by April 15 to shareholders of record on March 31.

The company also reported a one-time, non-recurring special dividend of $0.35 per share, which will also be paid on or before April 15 to shareholders of record on March 31.

For the two months ended Feb. 29, Westshore loaded 4 million tons, as compared with 4.3 million tons for the same period in 2023. The company expects to ship about 6.2 million tons in the first quarter, down from 6.9 million tons for the same period in 2023.

For 2024, volumes are projected to be about 25.5 million tons. The average loading charge for the year is estimated at $13.40.