Algoma Central Co. (TSE:ALC - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$16.36 and traded as high as C$17.24. Algoma Central shares last traded at C$17.12, with a volume of 12,897 shares trading hands.
Algoma Central Price Performance
The company has a debt-to-equity ratio of 50.70, a current ratio of 0.76 and a quick ratio of 2.06. The stock has a market cap of C$696.00 million, a price-to-earnings ratio of 9.44 and a beta of 0.72. The business's 50-day simple moving average is C$16.43 and its two-hundred day simple moving average is C$15.71.
Algoma Central Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, September 2nd will be given a $0.20 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $0.80 dividend on an annualized basis and a yield of 4.7%. Algoma Central's dividend payout ratio (DPR) is currently 42.19%.
Algoma Central Company Profile
(
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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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