Algoma Central (TSE:ALC) Releases Earnings Results

Algoma Central (TSE:ALC) released its quarterly earnings data on Friday. The company reported C$0.88 EPS for the quarter, FiscalAI reports. The company had revenue of C$258.27 million during the quarter. Algoma Central had a return on equity of 17.62% and a net margin of 21.56%.

Algoma Central Stock Performance

Algoma Central stock traded up C$0.67 during midday trading on Friday, reaching C$23.47. 9,993 shares of the company traded hands, compared to its average volume of 7,900. Algoma Central has a 12 month low of C$16.31 and a 12 month high of C$24.10. The company has a debt-to-equity ratio of 61.22, a current ratio of 0.48 and a quick ratio of 2.06. The business has a 50 day moving average of C$22.58 and a two-hundred day moving average of C$21.79. The firm has a market capitalization of C$952.13 million, a price-to-earnings ratio of 5.66 and a beta of 0.96.

Algoma Central Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, June 1st were given a dividend of $0.21 per share. The ex-dividend date was Friday, May 15th. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. Algoma Central’s dividend payout ratio is 19.52%.

About Algoma Central

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 ¿.