Algoma Central Co. (TSE:ALC) Declares Quarterly Dividend of $0.21

Algoma Central Co. (TSE:ALC) announced a quarterly dividend on Friday, May 15th, TickerTech Dividends reports. Shareholders of record on Monday, June 1st will be given a dividend of 0.21 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, May 15th.

Algoma Central Trading Down 0.4%

Algoma Central stock traded down C$0.08 during trading hours on Wednesday, hitting C$22.07. The company had a trading volume of 8,252 shares, compared to its average volume of 9,466. The firm has a market cap of C$895.34 million, a P/E ratio of 5.32 and a beta of 0.93. The company has a debt-to-equity ratio of 61.22, a quick ratio of 2.06 and a current ratio of 0.48. Algoma Central has a 1 year low of C$15.65 and a 1 year high of C$24.10. The company has a 50-day moving average price of C$21.56 and a two-hundred day moving average price of C$20.12.

Algoma Central (TSE:ALC) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$127.78 million during the quarter. Algoma Central had a net margin of 21.56% and a return on equity of 17.62%. On average, sell-side analysts anticipate that Algoma Central will post 1.898977 earnings per share for the current year.

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.