Algoma Central Co. (
TSE:ALC -
Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$16.48 and traded as high as C$17.32. Algoma Central shares last traded at C$17.32, with a volume of 9,752 shares traded.
Algoma Central Stock Up 1.1%
The company has a market capitalization of C$709.11 million, a PE ratio of 9.62 and a beta of 0.72. The firm's 50-day simple moving average is C$16.48 and its 200 day simple moving average is C$15.73. The company has a debt-to-equity ratio of 50.70, a quick ratio of 2.06 and a current ratio of 0.76.
Algoma Central Dividend Announcement
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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, August 19th. Algoma Central's payout ratio is presently 42.19%.
About Algoma Central
(
Get Free Report)
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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