Algoma Central Co. (TSE:ALC) Plans $0.20 Quarterly Dividend

Algoma Central Co. (TSE:ALC - Get Free Report) announced a quarterly dividend on Friday, May 16th, TickerTech Dividends reports. Shareholders of record on Monday, June 2nd will be given a dividend of 0.20 per share on Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Friday, May 16th.

Algoma Central Stock Performance

Shares of Algoma Central stock traded down C$0.30 during trading hours on Monday, hitting C$16.11. 4,660 shares of the company were exchanged, compared to its average volume of 7,934. The company has a current ratio of 0.76, a quick ratio of 2.06 and a debt-to-equity ratio of 50.70. The stock has a market capitalization of C$659.57 million, a price-to-earnings ratio of 8.94 and a beta of 0.72. Algoma Central has a 1 year low of C$14.03 and a 1 year high of C$16.45. The business has a 50-day moving average of C$15.20 and a 200-day moving average of C$14.98.

Insiders Place Their Bets

In other news, Director Richard Brydone Carty sold 2,000 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$15.10, for a total transaction of C$30,200.00. Corporate insiders own 54.61% of the company's stock.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets dropped their target price on shares of Algoma Central from C$18.00 to C$15.00 in a report on Monday, March 17th.

About Algoma Central

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.