Algoma Central Co. (ALC) to Issue Quarterly Dividend of $0.20 on March 3rd

Algoma Central Co. (TSE:ALC) announced a quarterly dividend on Friday, February 14th,TickerTech Dividends reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.20 per share on Monday, March 3rd. This represents a $0.80 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Algoma Central’s previous quarterly dividend of $0.19.

Algoma Central Trading Down 0.6 %

ALC stock traded down C$0.09 during midday trading on Wednesday, hitting C$15.23. 3,516 shares of the company’s stock were exchanged, compared to its average volume of 6,234. Algoma Central has a 1-year low of C$14.03 and a 1-year high of C$15.60. The company has a current ratio of 0.65, a quick ratio of 2.06 and a debt-to-equity ratio of 56.47. The stock has a market capitalization of C$617.88 million, a PE ratio of 9.17 and a beta of 0.72. The business has a 50-day simple moving average of C$14.75 and a two-hundred day simple moving average of C$14.74.

About Algoma Central

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.