Algoma Central (TSE:ALC) Hits New 12-Month High – Here’s What Happened

Algoma Central Co. (TSE:ALC)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$22.17 and last traded at C$22.16, with a volume of 6354 shares. The stock had previously closed at C$21.34.

Algoma Central Stock Up 0.1%

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 company has a market capitalization of C$932.66 million, a price-to-earnings ratio of 9.23 and a beta of 0.46. The business has a fifty day simple moving average of C$19.78 and a two-hundred day simple moving average of C$18.41.

Algoma Central Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, March 2nd will be issued a $0.21 dividend. The ex-dividend date is Friday, February 13th. This is a positive change from Algoma Central’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.7%. Algoma Central’s dividend payout ratio (DPR) is presently 31.73%.

About Algoma Central

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.