Algoma Central (TSE:ALC) Announces Earnings Results

Algoma Central (TSE:ALC) posted its quarterly earnings data on Friday. The company reported C$1.34 EPS for the quarter, FiscalAI reports. The company had revenue of C$287.75 million for the quarter. Algoma Central had a return on equity of 18.59% and a net margin of 20.92%.

Algoma Central Stock Down 6.7%

Shares of TSE ALC opened at C$29.22 on Friday. The firm’s 50-day simple moving average is C$26.25 and its 200 day simple moving average is C$23.11. The company has a market cap of C$1.19 billion, a price-to-earnings ratio of 6.37 and a beta of 1.09. 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 has a 12-month low of C$17.50 and a 12-month high of C$33.00.

Algoma Central Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, December 1st will be issued a $0.31 dividend. This is a positive change from Algoma Central’s previous quarterly dividend of $0.21. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, November 17th. Algoma Central’s dividend payout ratio (DPR) is presently 18.08%.

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 ¿.