Algoma Central Co. (TSE:ALC) Raises Dividend to $0.31 Per Share

Algoma Central Co. (TSE:ALC) announced a quarterly dividend on Tuesday, November 17th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.31 per share on Tuesday, December 1st. This represents a $1.24 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, November 17th. This is a 47.6% increase from Algoma Central’s previous quarterly dividend of $0.21.

Algoma Central Stock Performance

TSE ALC traded up C$0.11 during trading on Friday, hitting C$32.41. The company’s stock had a trading volume of 7,250 shares, compared to its average volume of 8,409. The company has a quick ratio of 2.06, a current ratio of 0.86 and a debt-to-equity ratio of 65.62. The firm has a 50 day moving average price of C$27.11 and a 200 day moving average price of C$23.42. Algoma Central has a 52 week low of C$18.01 and a 52 week high of C$33.00. The firm has a market cap of C$1.31 billion, a P/E ratio of 7.06 and a beta of 1.09.

Algoma Central (TSE:ALC) last released its earnings results on Friday, November 6th. The company reported C$1.34 earnings per share for the quarter. The business had revenue of C$287.75 million for the quarter. Algoma Central had a return on equity of 17.83% and a net margin of 20.92%. Equities research analysts forecast that Algoma Central will post 1.90 earnings per share for the current fiscal year.

Algoma Central Company Profile

Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice ¿.