Algoma Central Co. (TSE:ALC) to Issue $0.10 Quarterly Dividend

Algoma Central Co. (TSE:ALC) declared a quarterly dividend on Monday, August 19th, TickerTech reports. Investors of record on Tuesday, September 3rd will be paid a dividend of 0.10 per share on Tuesday, September 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Monday, August 19th.

Shares of TSE:ALC opened at C$12.90 on Friday. Algoma Central has a 1 year low of C$11.61 and a 1 year high of C$14.23. The company has a market cap of $481.24 million and a PE ratio of 13.31. The company has a debt-to-equity ratio of 40.78, a current ratio of 1.41 and a quick ratio of 1.21. The stock’s 50-day moving average is C$12.99 and its 200 day moving average is C$13.20.

Separately, Cormark boosted their price target on Algoma Central from C$17.00 to C$19.00 in a report on Monday, August 12th.

About Algoma Central

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes – St. Lawrence Waterway in Canada. It operates in six segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, Investment Properties, and Corporate. The company operates 12 self-unloading bulk carriers and 8 gearless bulk carriers; and owns and manages seven double-hull product tankers for the transportation of liquid petroleum products throughout the Great Lakes, the St.

Read More: How does a reverse stock split work?

Dividend History for Algoma Central (TSE:ALC)

Receive News & Ratings for Algoma Central Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algoma Central and related companies with MarketBeat.com's FREE daily email newsletter.