Algoma Central Co. (TSE:ALC) Raises Dividend to $0.21 Per Share

Algoma Central Co. (TSE:ALC) declared a quarterly dividend on Friday, February 13th, TickerTech Dividends reports. Investors of record on Monday, March 2nd will be given a dividend of 0.21 per share on Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, February 13th. This is a 5.0% increase from Algoma Central’s previous quarterly dividend of $0.20.

Algoma Central Stock Down 0.2%

Shares of TSE ALC traded down C$0.04 during trading on Friday, reaching C$21.06. 10,432 shares of the stock were exchanged, compared to its average volume of 7,974. The company has a quick ratio of 2.06, a current ratio of 0.76 and a debt-to-equity ratio of 50.70. The business’s 50-day moving average price is C$19.43 and its 200 day moving average price is C$18.10. The company has a market capitalization of C$854.36 million, a price-to-earnings ratio of 8.46 and a beta of 0.46. Algoma Central has a twelve month low of C$14.07 and a twelve month high of C$21.35.

Algoma Central (TSE:ALC) last announced its earnings results on Tuesday, November 4th. The company reported C$0.97 earnings per share for the quarter. Algoma Central had a return on equity of 9.26% and a net margin of 10.59%.The company had revenue of C$228.04 million during the quarter. As a group, equities analysts forecast that Algoma Central will post 1.898977 EPS for the current fiscal year.

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. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.