Algoma Central Co. (TSE:ALC – Get Free Report)’s share price hit a new 52-week high on Monday. The company traded as high as C$30.87 and last traded at C$30.10, with a volume of 10,620 shares changing hands. The stock had previously closed at C$28.87.
Algoma Central Trading Up 5.7%
The company has a debt-to-equity ratio of 73.18, a current ratio of 0.69 and a quick ratio of 2.06. The stock has a 50-day moving average price of C$24.53 and a two-hundred day moving average price of C$23.08. The stock has a market cap of C$1.27 billion, a PE ratio of 7.42 and a beta of 0.96.
Algoma Central (TSE:ALC – Get Free Report) last posted its earnings results on Friday, August 7th. The company reported C$0.88 EPS for the quarter. Algoma Central had a return on equity of 17.13% and a net margin of 20.68%. The company had revenue of C$258.27 million for the quarter. Sell-side analysts forecast that Algoma Central Co. will post 1.90 earnings per share for the current fiscal year.
Algoma Central Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, August 18th. Algoma Central’s dividend payout ratio (DPR) is currently 19.43%.
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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