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

Algoma Central Co. (TSE:ALC) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$18.40 and last traded at C$18.40, with a volume of 9904 shares trading hands. The stock had previously closed at C$18.00.

Algoma Central Stock Performance

The stock’s 50 day moving average price is C$17.25 and its 200 day moving average price is C$16.57. The company has a market cap of C$746.45 million, a price-to-earnings ratio of 7.39 and a beta of 0.12. The company has a current ratio of 0.76, a quick ratio of 2.06 and a debt-to-equity ratio of 50.70.

Algoma Central Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, December 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.3%. The ex-dividend date is Monday, November 17th. Algoma Central’s dividend payout ratio is currently 31.73%.

Algoma Central Company Profile

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.