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

Algoma Central Co. (TSE:ALC) declared a quarterly dividend on Monday, November 4th, Zacks reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.19 per share on Monday, December 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend is Monday, November 18th.

Algoma Central Price Performance

Shares of ALC stock opened at C$14.96 on Tuesday. The stock has a 50 day moving average price of C$14.74 and a 200 day moving average price of C$14.51. The firm has a market capitalization of C$606.93 million, a P/E ratio of 9.01 and a beta of 0.72. The company has a debt-to-equity ratio of 56.47, a quick ratio of 2.06 and a current ratio of 0.65. Algoma Central has a 52-week low of C$14.03 and a 52-week high of C$15.60.

Algoma Central (TSE:ALC) last issued its earnings results on Friday, August 2nd. The company reported C$0.44 EPS for the quarter, missing analysts’ consensus estimates of C$0.81 by C($0.37). Algoma Central had a return on equity of 9.14% and a net margin of 9.98%. The company had revenue of C$180.97 million during the quarter, compared to the consensus estimate of C$215.80 million. As a group, sell-side analysts predict that Algoma Central will post 1.898977 earnings per share for the current year.

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.