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

Key Points

• Algoma Central Co. declared a quarterly dividend of $0.20 per share, with stockholders of record set to receive this payment on September 2nd.
• The company currently has a dividend yield of 4.6% and a market capitalization of approximately C$714.43 million.
• Shares of ALC stock recently opened at C$17.45, reflecting a 1.2% increase, with a fifty-two week price range between C$14.03 and C$17.45.

Algoma Central Co. (TSE:ALC - Get Free Report) announced a quarterly dividend on Tuesday, August 19th, TickerTech Dividends reports. Shareholders of record on Tuesday, September 2nd will be paid a dividend of 0.20 per share on Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date is Tuesday, August 19th.

Algoma Central Stock Performance

Shares of ALC stock traded down C$0.12 on Wednesday, reaching C$17.00. The stock had a trading volume of 7,660 shares, compared to its average volume of 7,896. Algoma Central has a 12 month low of C$14.03 and a 12 month high of C$17.50. The firm has a market capitalization of C$696.00 million, a price-to-earnings ratio of 9.44 and a beta of 0.72. The firm's 50-day moving average is C$16.36 and its two-hundred day moving average is C$15.65. The company has a quick ratio of 2.06, a current ratio of 0.76 and a debt-to-equity ratio of 50.70.

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.