Algoma Central (TSE:ALC) Reaches New 52-Week High - Here's What Happened

Key Points

• Algoma Central Co. (TSE:ALC) reached a new 52-week high share price of C$16.70 on Tuesday, trading a volume of 11,485 shares.
• The company recently declared a quarterly dividend of $0.20 per share, representing an annualized dividend of $0.80 and a dividend yield of 4.8%.
• Algoma Central operates a fleet of bulk carriers on the Great Lakes and St. Lawrence Waterway, with a market capitalization of C$683.72 million and a PE ratio of 9.27.

Algoma Central Co. (TSE:ALC - )'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$16.70 and last traded at C$16.70, with a volume of 11485 shares trading hands. The stock had previously closed at C$16.60.

Algoma Central Stock Performance

The stock has a market cap of C$683.72 million, a PE ratio of 9.27 and a beta of 0.72. 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 50 day moving average price of C$16.22 and a 200 day moving average price of C$15.55.

Algoma Central Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, June 2nd were paid a dividend of $0.20 per share. The ex-dividend date was Friday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 4.8%. Algoma Central's dividend payout ratio (DPR) is currently 42.19%.

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.

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