Feb. 8 at 5:28 PM
$TTNMF Titanium Transportation suspends quarterly dividend
Titanium Transportation announced that its board has elected to suspend its dividend as the company continues to execute a disciplined financial strategy amid 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," commented Ted Daniel, Chief Executive Officer of Titanium.
"While we are seeing some early signs of economic stabilization, the overall outlook remains uncertain due to the ongoing macroeconomic and geopolitical situation, including potential trade barriers and tariffs. By temporarily suspending our dividend, we are ensuring that we have the financial resilience to navigate near-term headwinds, accelerate debt-reduction and fortify our balance sheet for long-term sustainable growth."
