Algoma Central Co. (TSE:ALC - Get Free Report ) announced a quarterly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.19 per share on Monday, June 3rd. This represents a $0.76 annualized dividend and a dividend yield of 5.21%. The ex-dividend date is Thursday, May 16th.
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Algoma Central Stock Down 0.5 % Shares of ALC stock traded down C$0.08 during mid-day trading on Thursday, hitting C$14.59. 12,392 shares of the stock traded hands, compared to its average volume of 12,001. The stock has a market cap of C$563.90 million, a P/E ratio of 7.34 and a beta of 0.72. The stock's fifty day moving average is C$14.84 and its two-hundred day moving average is C$14.85. Algoma Central has a 52-week low of C$14.14 and a 52-week high of C$15.80. The company has a debt-to-equity ratio of 48.49, a current ratio of 1.10 and a quick ratio of 2.06.
Algoma Central (TSE:ALC - Get Free Report ) last announced its quarterly earnings data on Monday, February 26th. The company reported C$0.80 EPS for the quarter, beating the consensus estimate of C$0.57 by C$0.23. The firm had revenue of C$201.32 million during the quarter, compared to analyst estimates of C$186.60 million. Algoma Central had a net margin of 11.49% and a return on equity of 11.02%. Equities analysts predict that Algoma Central will post 1.7588235 EPS for the current year.
Wall Street Analyst Weigh In Separately, Cormark boosted their target price on shares of Algoma Central from C$18.50 to C$19.50 in a research note on Thursday.
View Our Latest Analysis on ALC
Algoma Central Company Profile (
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Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.
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