Algoma Central Co. (ALC) Director John Christopher Barron Buys 1,000 Shares
Algoma Central Co. (TSE:ALC) Director John Christopher Barron acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was acquired at an average price of C$14.49 per share, for a total transaction of C$14,490.00.
Algoma Central Co. (TSE:ALC) traded up C$0.43 during trading on Wednesday, hitting C$15.31. 13,219 shares of the company traded hands, compared to its average volume of 6,600. Algoma Central Co. has a 1-year low of C$11.46 and a 1-year high of C$15.33.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This is a positive change from Algoma Central’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 2.35%. Algoma Central’s payout ratio is currently -272.73%.
Algoma Central Corp is a Canada-based company, which owns and operates the Canadian flag fleet of dry and liquid bulk carriers operating on the Great Lakes-St. Lawrence Waterway. It operates through the following segments: Domestic Dry-Bulk, Product Tankers and Ocean Shipping. Its Domestic Dry-Bulk marine transportation segment includes the ownership and management of the operational and commercial activities of the Company’s domestic dry-bulk fleet vessel, which includes over 20 vessels.
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