Algoma Central Co. (TSE:ALC) to Issue $0.19 Quarterly Dividend

Algoma Central Co. (TSE:ALC) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Friday, May 17th will be paid a dividend of 0.19 per share on Monday, June 3rd. This represents a $0.76 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is Thursday, May 16th.

Algoma Central Stock Performance

ALC traded up C$0.12 on Thursday, reaching C$14.67. The stock had a trading volume of 1,179 shares, compared to its average volume of 11,996. Algoma Central has a 12-month low of C$14.14 and a 12-month high of C$15.88. The company has a current ratio of 1.10, a quick ratio of 2.06 and a debt-to-equity ratio of 48.49. The business’s 50-day moving average price is C$14.84 and its two-hundred day moving average price is C$14.85. The company has a market cap of C$567.00 million, a P/E ratio of 7.34 and a beta of 0.72.

Algoma Central (TSE:ALC) last released its quarterly earnings data on Monday, February 26th. The company reported C$0.80 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.57 by C$0.23. Algoma Central had a net margin of 11.49% and a return on equity of 11.02%. The company had revenue of C$201.32 million during the quarter, compared to analysts’ expectations of C$186.60 million. Sell-side analysts forecast that Algoma Central will post 1.7588235 earnings per share for the current year.

About Algoma Central

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.