Algoma Central Co. (TSE:ALC – Get Free Report) traded up 6.5% on Monday. The company traded as high as C$31.21 and last traded at C$31.11. 6,289 shares traded hands during trading, a decline of 25% from the average daily volume of 8,441 shares. The stock had previously closed at C$29.22.
Algoma Central Stock Performance
The business has a 50-day moving average of C$26.41 and a two-hundred day moving average of C$23.17. The company has a market cap of C$1.26 billion, a P/E ratio of 6.78 and a beta of 1.09. The company has a debt-to-equity ratio of 73.18, a current ratio of 0.69 and a quick ratio of 2.06.
Algoma Central (TSE:ALC – Get Free Report) last posted its earnings results on Friday, November 6th. The company reported C$1.34 earnings per share (EPS) for the quarter. 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%. On average, sell-side analysts predict that Algoma Central Co. will post 1.90 EPS for the current fiscal year.
Algoma Central Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, December 1st will be issued a $0.31 dividend. The ex-dividend date is Tuesday, November 17th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from Algoma Central’s previous quarterly dividend of $0.21. Algoma Central’s dividend payout ratio (DPR) is 18.08%.
Algoma Central Company Profile
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 ¿.
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