Algoma Central Co. (TSE:ALC) to Issue Dividend Increase – $0.21 Per Share

Algoma Central Co. (TSE:ALC) announced a quarterly dividend on Friday, February 13th, TickerTech Dividends reports. Investors of record on Monday, March 2nd will be paid a dividend of 0.21 per share on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, February 13th. This is a 5.0% increase from Algoma Central’s previous quarterly dividend of $0.20.

Algoma Central Stock Performance

Shares of ALC opened at C$20.82 on Friday. The company has a debt-to-equity ratio of 50.70, a quick ratio of 2.06 and a current ratio of 0.76. The stock has a market capitalization of C$844.63 million, a P/E ratio of 8.36 and a beta of 0.46. The company’s fifty day moving average is C$19.47 and its two-hundred day moving average is C$18.13. Algoma Central has a 1 year low of C$14.07 and a 1 year high of C$21.35.

Algoma Central (TSE:ALC) last released its earnings results on Tuesday, November 4th. The company reported C$0.97 EPS for the quarter. Algoma Central had a net margin of 10.59% and a return on equity of 9.26%. The company had revenue of C$228.04 million during the quarter. On average, sell-side analysts predict that Algoma Central will post 1.898977 earnings per share for the current year.

Algoma Central Company Profile

Algoma Central Corp owns and operates the fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company’s Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean SelfUnloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.