Algoma Central (TSE:ALC) Reaches New 12-Month High – What’s Next?

Algoma Central Co. (TSE:ALC)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$16.70 and last traded at C$16.70, with a volume of 11485 shares changing hands. The stock had previously closed at C$16.60.

Algoma Central Stock Performance

The company has a quick ratio of 2.06, a current ratio of 0.76 and a debt-to-equity ratio of 50.70. The business has a 50 day moving average price of C$16.26 and a two-hundred day moving average price of C$15.57. The stock has a market cap of C$706.24 million, a P/E ratio of 9.58 and a beta of 0.72.

Algoma Central Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, September 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, August 19th. Algoma Central’s payout ratio is 42.19%.

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.