Algoma Central Co. (TSE:ALC) to Issue Dividend Increase – $0.20 Per Share

Algoma Central Co. (TSE:ALC) announced a quarterly dividend on Friday, February 14th,TickerTech Dividends reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.20 per share on Monday, March 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date is Friday, February 14th. This is a boost from Algoma Central’s previous quarterly dividend of $0.19.

Algoma Central Stock Down 0.6 %

Shares of ALC traded down C$0.09 on Wednesday, hitting C$15.23. The company’s stock had a trading volume of 3,516 shares, compared to its average volume of 6,227. The company has a quick ratio of 2.06, a current ratio of 0.65 and a debt-to-equity ratio of 56.47. The firm has a market capitalization of C$617.88 million, a price-to-earnings ratio of 9.17 and a beta of 0.72. The firm’s fifty day moving average price is C$14.75 and its 200-day moving average price is C$14.74. Algoma Central has a fifty-two week low of C$14.03 and a fifty-two week high of C$15.60.

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.