Richard Brydone Carty Sells 2,000 Shares of Algoma Central Co. (TSE:ALC) Stock

Algoma Central Co. (TSE:ALC) Director Richard Brydone Carty sold 2,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$15.10, for a total value of C$30,200.00.

Algoma Central Price Performance

Shares of TSE:ALC traded down C$0.25 during midday trading on Tuesday, hitting C$14.56. The company’s stock had a trading volume of 14,026 shares, compared to its average volume of 6,902. Algoma Central Co. has a 12-month low of C$14.03 and a 12-month high of C$15.60. The company has a market cap of C$596.11 million, a P/E ratio of 8.08 and a beta of 0.72. The company has a debt-to-equity ratio of 50.70, a quick ratio of 2.06 and a current ratio of 0.76. The business’s 50 day simple moving average is C$14.80 and its 200 day simple moving average is C$14.79.

Algoma Central Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, March 3rd were issued a dividend of $0.20 per share. This is a boost from Algoma Central’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 5.49%. The ex-dividend date was Friday, February 14th. Algoma Central’s payout ratio is currently 42.19%.

Algoma Central Company Profile

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.