Pacer seeks loan amendment to allow for ongoing cash dividends

By Sara Rosenberg

New York, Sept. 7 - Pacer International Inc. is looking to amend its credit facility to allow for ongoing cash dividends, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

The company's board of directors has declared its first quarterly dividend of $0.15 per share of common stock payable on Oct. 10 and has approved a dividend policy that anticipates an annual dividend of $0.60 per share of common stock, payable in four quarterly increments of $0.15 per share.

Pacer is a Concord, Calif.-based provider of logistics and freight transportation services.

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