Algoma Central (TSE:ALC) Posts Quarterly Earnings Results

Algoma Central (TSE:ALC) issued its quarterly earnings data on Thursday. The company reported C$0.05 EPS for the quarter, FiscalAI reports. Algoma Central had a return on equity of 15.49% and a net margin of 18.79%.The firm had revenue of C$127.78 million during the quarter.

Algoma Central Stock Up 4.3%

Shares of ALC traded up C$0.92 during midday trading on Thursday, hitting C$22.51. 9,133 shares of the company’s stock traded hands, compared to its average volume of 9,615. Algoma Central has a 1 year low of C$15.35 and a 1 year high of C$24.10. The firm’s fifty day moving average is C$21.65 and its 200-day moving average is C$20.03. The company has a current ratio of 0.71, a quick ratio of 2.06 and a debt-to-equity ratio of 53.20. The stock has a market capitalization of C$913.19 million, a price-to-earnings ratio of 6.38 and a beta of 0.93.

Algoma Central Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, March 2nd were issued a dividend of $0.21 per share. The ex-dividend date was Friday, February 13th. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. This is a boost from Algoma Central’s previous quarterly dividend of $0.20. Algoma Central’s dividend payout ratio (DPR) is currently 22.66%.

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.