Algoma Central (TSE:ALC) Reaches New 12-Month High - What's Next?

Key Points

• Algoma Central Co. reached a new 52-week high of C$16.54, with shares trading at C$16.50 at the close.
• The company recently announced a quarterly dividend of $0.20 per share, resulting in an annualized dividend of $0.80 and a yield of 4.9%.
• Algoma Central operates a diverse fleet of bulk carriers and has a market cap of C$674.31 million with a price-to-earnings ratio of 9.14.

Algoma Central Co. (TSE:ALC - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$16.54 and last traded at C$16.50, with a volume of 6895 shares changing hands. The stock had previously closed at C$16.20.

Algoma Central Stock Up 0.3%

The stock has a market capitalization of C$679.63 million, a PE ratio of 9.22 and a beta of 0.72. The company has a current ratio of 0.76, a quick ratio of 2.06 and a debt-to-equity ratio of 50.70. The company's 50-day moving average is C$16.21 and its 200 day moving average is C$15.54.

Algoma Central Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, June 2nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, May 16th. Algoma Central's dividend payout ratio (DPR) is presently 42.19%.

Algoma Central Company Profile

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.