Algoma Central Co. to Issue Quarterly Dividend of $0.19 (TSE:ALC)

Algoma Central Co. (TSE:ALCGet Free Report) announced a quarterly dividend on Thursday, May 16th, Zacks reports. Shareholders of record on Monday, June 3rd will be paid a dividend of 0.19 per share on Monday, June 3rd. This represents a $0.76 annualized dividend and a yield of 5.19%. The ex-dividend date is Thursday, May 16th.

Algoma Central Stock Performance

TSE:ALC opened at C$14.64 on Wednesday. The company has a 50-day moving average of C$14.78 and a 200-day moving average of C$14.86. The firm has a market cap of C$578.57 million, a price-to-earnings ratio of 7.07 and a beta of 0.72. The company has a current ratio of 1.10, a quick ratio of 2.06 and a debt-to-equity ratio of 48.49. Algoma Central has a twelve month low of C$14.14 and a twelve month high of C$15.75.

Algoma Central (TSE:ALCGet Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported C$0.80 EPS for the quarter, beating analysts’ consensus estimates of C$0.57 by C$0.23. The company had revenue of C$201.32 million during the quarter, compared to the consensus estimate of C$186.60 million. Algoma Central had a return on equity of 11.02% and a net margin of 11.86%. Analysts forecast that Algoma Central will post 1.7768396 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Cormark increased their price objective on Algoma Central from C$18.50 to C$19.50 in a report on Thursday, May 2nd.

Read Our Latest Stock Analysis on Algoma Central

Algoma Central Company Profile

(Get Free Report)

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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Dividend History for Algoma Central (TSE:ALC)

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