Algoma Central (TSE:ALC) Hits New 12-Month High – Here’s What Happened

Shares of Algoma Central Co. (TSE:ALC) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$19.80 and last traded at C$19.80, with a volume of 4993 shares. The stock had previously closed at C$19.70.

Algoma Central Stock Performance

The business has a 50-day moving average of C$19.17 and a two-hundred day moving average of C$17.91. The company has a debt-to-equity ratio of 50.70, a current ratio of 0.76 and a quick ratio of 2.06. The company has a market cap of C$815.82 million, a P/E ratio of 8.08 and a beta of 0.46.

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 return on equity of 9.26% and a net margin of 10.59%.The firm had revenue of C$228.04 million during the quarter. On average, sell-side analysts predict that Algoma Central Co. will post 1.898977 EPS for the current fiscal year.

Algoma Central Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, November 17th. Algoma Central’s dividend payout ratio (DPR) is 31.73%.

About Algoma Central

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.