Algoma Central Co. (ALC) to Issue Quarterly Dividend of $0.21 on June 1st

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

Algoma Central Trading Down 0.3%

Shares of ALC traded down C$0.07 on Wednesday, reaching C$22.08. 8,552 shares of the company’s stock were exchanged, compared to its average volume of 9,493. The company has a current ratio of 0.48, a quick ratio of 2.06 and a debt-to-equity ratio of 61.22. The stock has a market capitalization of C$895.74 million, a P/E ratio of 5.32 and a beta of 0.93. The business 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 has a 12 month low of C$15.65 and a 12 month high of C$24.10.

Algoma Central (TSE:ALC) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.05 earnings per share for the quarter. The business 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%. Research 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.