Algoma Central Co. (TSE:ALC – Get Free Report) declared a quarterly dividend on Friday, May 15th, TickerTech Dividends reports. Stockholders of record on Monday, June 1st will be paid a dividend of 0.21 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, May 15th.
Algoma Central Stock Performance
Shares of Algoma Central stock traded down C$0.19 during trading on Wednesday, hitting C$21.96. 8,652 shares of the stock were exchanged, compared to its average volume of 9,493. The company has a current ratio of 0.48, a quick ratio of 2.06 and a debt-to-equity ratio of 61.22. The company has a fifty day moving average price of C$21.56 and a 200-day moving average price of C$20.12. The stock has a market capitalization of C$890.87 million, a price-to-earnings ratio of 5.29 and a beta of 0.93. Algoma Central has a 1-year low of C$15.65 and a 1-year high of C$24.10.
Algoma Central (TSE:ALC – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.05 EPS for the quarter. The business had revenue of C$127.78 million during the quarter. Algoma Central had a return on equity of 17.62% and a net margin of 21.56%. As a group, equities analysts predict that Algoma Central will post 1.898977 EPS for the current fiscal year.
About Algoma Central
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. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.
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