Algoma Central (TSE:ALC) Sets New 12-Month High Following Dividend Announcement

Algoma Central Co. (TSE:ALC) shares reached a new 52-week high during trading on Tuesday following a dividend announcement from the company. The company traded as high as C$25.50 and last traded at C$24.95, with a volume of 6711 shares changing hands. The stock had previously closed at C$25.17.

The newly announced dividend which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, August 18th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Algoma Central’s payout ratio is currently 19.43%.

Algoma Central Price Performance

The stock has a market capitalization of C$985.80 million, a P/E ratio of 5.76 and a beta of 0.96. The company has a debt-to-equity ratio of 73.18, a quick ratio of 2.06 and a current ratio of 0.69. The firm has a fifty day moving average price of C$22.95 and a two-hundred day moving average price of C$22.06.

Algoma Central (TSE:ALC) last issued its quarterly earnings data on Friday, August 7th. The company reported C$0.88 EPS for the quarter. The company had revenue of C$258.27 million during the quarter. Algoma Central had a return on equity of 17.13% and a net margin of 20.68%. As a group, analysts expect that Algoma Central Co. will post 1.898977 EPS for the current fiscal year.

About Algoma Central

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 ¿.