Algoma Central Co. (TSE:ALC - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as C$17.50 and last traded at C$17.45, with a volume of 11056 shares changing hands. The stock had previously closed at C$17.30.
Algoma Central Trading Down 0.7%
The company has a debt-to-equity ratio of 50.70, a quick ratio of 2.06 and a current ratio of 0.76. The company's 50-day moving average price is C$16.66 and its 200-day moving average price is C$15.85. The firm has a market capitalization of C$705.88 million, a PE ratio of 6.90 and a beta of 0.25.
Algoma Central Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, September 2nd were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, August 19th. This represents a $0.80 annualized dividend and a yield of 4.6%. Algoma Central's payout ratio is presently 30.95%.
About Algoma Central
(
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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.
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