Algoma Central Co. (ALC) to Distribute Quarterly Dividend of $0.31 on December 1st

Algoma Central Co. (TSE:ALC) declared a quarterly dividend on Tuesday, November 17th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.31 per share on Tuesday, December 1st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, November 17th. This is a 47.6% increase from Algoma Central’s previous quarterly dividend of $0.21.

Algoma Central Stock Performance

ALC stock traded up C$0.11 during trading on Friday, reaching C$32.41. 7,250 shares of the stock were exchanged, compared to its average volume of 8,409. The company has a market capitalization of C$1.31 billion, a P/E ratio of 7.06 and a beta of 1.09. The company has a current ratio of 0.86, a quick ratio of 2.06 and a debt-to-equity ratio of 65.62. The stock has a 50 day simple moving average of C$27.11 and a 200-day simple moving average of C$23.42. Algoma Central has a twelve month low of C$18.01 and a twelve month high of C$33.00.

Algoma Central (TSE:ALC) last released its quarterly earnings data on Friday, November 6th. The company reported C$1.34 EPS for the quarter. The company had revenue of C$287.75 million during the quarter. Algoma Central had a net margin of 20.92% and a return on equity of 17.83%. As a group, sell-side analysts anticipate that Algoma Central will post 1.90 earnings per share for the current year.

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 ¿.