Algoma Central (TSE:ALC) Reaches New 12-Month High – What’s Next?

Shares of Algoma Central Co. (TSE:ALC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$17.50 and last traded at C$17.45, with a volume of 11056 shares trading hands. The stock had previously closed at C$17.30.

Algoma Central Trading Up 1.9%

The stock has a 50 day moving average of C$16.54 and a 200-day moving average of C$15.78. The company has a market capitalization of C$715.21 million, a P/E ratio of 7.00 and a beta of 0.13. The company has a current ratio of 0.76, a quick ratio of 2.06 and a debt-to-equity ratio of 50.70.

Algoma Central Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, September 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, August 19th. Algoma Central’s dividend payout ratio (DPR) is presently 30.95%.

Algoma Central Company Profile

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.