Algoma Central Co. (TSE:ALC - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$16.45 and last traded at C$16.45, with a volume of 485 shares changing hands. The stock had previously closed at C$16.40.
Algoma Central Price Performance
The company has a quick ratio of 2.06, a current ratio of 0.76 and a debt-to-equity ratio of 50.70. The firm has a market cap of C$673.49 million, a P/E ratio of 9.13 and a beta of 0.72. The business has a fifty day moving average of C$16.11 and a 200 day moving average of C$15.39.
Algoma Central Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, June 2nd were given a $0.20 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.86%. Algoma Central's payout ratio is 42.19%.
About Algoma Central
(
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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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