Algoma Central (TSE:ALC) Releases Quarterly Earnings Results

Algoma Central (TSE:ALC) posted its earnings results on Friday. The company reported C$1.34 earnings per share for the quarter, FiscalAI reports. Algoma Central had a return on equity of 18.59% and a net margin of 20.92%. The company had revenue of C$287.75 million for the quarter.

Algoma Central Price Performance

Shares of TSE:ALC traded down C$2.10 during midday trading on Friday, reaching C$29.22. 29,681 shares of the company were exchanged, compared to its average volume of 8,451. The company has a current ratio of 0.69, a quick ratio of 2.06 and a debt-to-equity ratio of 73.18. The business’s fifty day moving average is C$26.12 and its two-hundred day moving average is C$23.06. Algoma Central has a one year low of C$17.50 and a one year high of C$33.00. The stock has a market cap of C$1.19 billion, a PE ratio of 6.37 and a beta of 1.09.

Algoma Central Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, December 1st will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $1.24 dividend on an annualized basis and a yield of 4.2%. This is a boost from Algoma Central’s previous quarterly dividend of $0.21. Algoma Central’s payout ratio is presently 18.08%.

Algoma Central Company Profile

Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice ¿.