Algoma Central (TSE:ALC) Trading Down 1.7% – Here’s Why

Posted by Paula Ricardo on Dec 8th, 2024

Algoma Central Co. (TSE:ALC – Get Free Report) traded down 1.7% on Friday . The company traded as low as C$14.82 and last traded at C$14.82. Approximately 12,772 shares were traded during mid-day trading, an increase of 14% from the average session volume of 11,203 shares. The stock had previously closed at C$15.07.

Algoma Central Price Performance

The company has a debt-to-equity ratio of 56.47, a current ratio of 0.65 and a quick ratio of 2.06. The firm has a market capitalization of C$601.25 million, a PE ratio of 8.93 and a beta of 0.72. The company has a 50-day moving average price of C$15.04 and a 200-day moving average price of C$14.58.

Algoma Central Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, December 2nd were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.76 dividend on an annualized basis and a yield of 5.13%. Algoma Central’s dividend payout ratio (DPR) is 45.78%.

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.