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

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 5.00%. The ex-dividend date is Friday, May 16th.

Algoma Central Trading Up 2.2%

Shares of Algoma Central stock opened at C$16.00 on Wednesday. The company has a debt-to-equity ratio of 50.70, a quick ratio of 2.06 and a current ratio of 0.76. Algoma Central has a fifty-two week low of C$14.03 and a fifty-two week high of C$16.00. The company has a fifty day moving average of C$15.12 and a 200 day moving average of C$14.97. The company has a market capitalization of C$655.06 million, a P/E ratio of 8.88 and a beta of 0.72.

Insider Buying and Selling at Algoma Central

In other Algoma Central news, Director Richard Brydone Carty sold 2,000 shares of Algoma Central stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$15.10, for a total value of C$30,200.00. 54.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets cut their target price on Algoma Central from C$18.00 to C$15.00 in a research note on Monday, March 17th.

Algoma Central Company Profile

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.

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