Algoma Central Co. to Issue Quarterly Dividend of $0.20 (TSE:ALC)

Algoma Central Co. (TSE:ALC) announced a quarterly dividend on Monday, November 17th, TickerTech Dividends reports. Stockholders of record on Monday, December 1st will be given a dividend of 0.20 per share on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, November 17th.

Algoma Central Stock Up 2.7%

Shares of ALC traded up C$0.48 on Friday, reaching C$18.50. The company’s stock had a trading volume of 5,215 shares, compared to its average volume of 8,044. Algoma Central has a twelve month low of C$14.07 and a twelve month high of C$18.50. The stock has a market capitalization of C$750.51 million, a PE ratio of 7.43 and a beta of 0.12. The company has a current ratio of 0.76, a quick ratio of 2.06 and a debt-to-equity ratio of 50.70. The firm has a fifty day moving average of C$17.32 and a 200-day moving average of C$16.66.

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