Algoma Central Co. (TSE:ALC) to Issue $0.21 Quarterly Dividend

Algoma Central Co. (TSE:ALC) announced a quarterly dividend on Tuesday, August 18th, TickerTech Dividends reports. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.21 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, August 18th.

Algoma Central Trading Up 0.6%

ALC opened at C$25.17 on Friday. Algoma Central has a twelve month low of C$16.31 and a twelve month high of C$25.50. The company has a fifty day moving average of C$22.84 and a 200-day moving average of C$21.98. The stock has a market cap of C$1.02 billion, a PE ratio of 5.96 and a beta of 0.96. The company has a quick ratio of 2.06, a current ratio of 0.69 and a debt-to-equity ratio of 73.18.

Algoma Central (TSE:ALC) last released its earnings results on Friday, August 7th. The company reported C$0.88 earnings per share (EPS) for the quarter. The business had revenue of C$258.27 million for the quarter. Algoma Central had a net margin of 20.68% and a return on equity of 17.13%. On average, sell-side analysts predict that Algoma Central will post 1.898977 EPS for the current year.

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 ¿.