Algoma Steel Group Inc. (ASTL) to Issue Quarterly Dividend of $0.05 on April 10th

Algoma Steel Group Inc. (NASDAQ:ASTL) declared a quarterly dividend on Wednesday, March 12th, Wall Street Journal reports. Shareholders of record on Friday, March 21st will be paid a dividend of 0.05 per share on Thursday, April 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Friday, March 21st.

Algoma Steel Group Trading Up 0.3 %

Shares of ASTL opened at $6.35 on Wednesday. The stock’s 50-day moving average is $7.70 and its two-hundred day moving average is $9.34. The stock has a market cap of $666.01 million, a PE ratio of -5.00 and a beta of 1.47. Algoma Steel Group has a 12 month low of $5.20 and a 12 month high of $12.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.31 and a quick ratio of 1.66.

About Algoma Steel Group

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.