Algoma Central Co. (TSE:ALC – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$14.08 and last traded at C$14.11, with a volume of 5880 shares changing hands. The stock had previously closed at C$14.18.
Wall Street Analyst Weigh In
Separately, Cormark upped their price target on shares of Algoma Central from C$18.50 to C$19.50 in a report on Thursday, May 2nd.
Algoma Central Stock Down 0.4 %
Algoma Central (TSE:ALC – Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported C($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.64) by C$0.20. Algoma Central had a net margin of 11.86% and a return on equity of 11.50%. The firm had revenue of C$109.21 million for the quarter, compared to analyst estimates of C$119.00 million. As a group, equities research analysts expect that Algoma Central Co. will post 2.1595745 earnings per share for the current fiscal year.
Algoma Central Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, June 3rd were given a dividend of $0.19 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.76 dividend on an annualized basis and a yield of 5.39%. Algoma Central’s dividend payout ratio (DPR) is currently 36.71%.
About Algoma Central
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.
Featured Stories
- Five stocks we like better than Algoma Central
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Sales Breakout Sends This Semiconductor Stock to Record High
- Why Invest in 5G? How to Invest in 5G Stocks
- Surprise Buying Opportunity on This Dividend Aristocrat
- Dividend Payout Ratio Calculator
- New Theme Park Powerhouse: Merger Creates Industry-Leading Stock
Receive News & Ratings for Algoma Central Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algoma Central and related companies with MarketBeat.com's FREE daily email newsletter.