Algoma Steel Group Inc. (NASDAQ:ASTL – Get Free Report) traded up 6.4% during trading on Thursday following a dividend announcement from the company. The company traded as high as $6.29 and last traded at $6.19. 560,152 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 945,567 shares. The stock had previously closed at $5.82.
The newly announced dividend which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 21st will be issued a $0.05 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.05%. Algoma Steel Group’s dividend payout ratio is presently -15.75%.
Algoma Steel Group Stock Performance
The company has a market cap of $686.99 million, a PE ratio of -5.16 and a beta of 1.48. The company has a 50-day moving average of $7.80 and a 200-day moving average of $9.40. The company has a quick ratio of 1.66, a current ratio of 3.31 and a debt-to-equity ratio of 0.42.
Institutional Trading of Algoma Steel Group
About Algoma Steel Group
Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.
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