Algoma Central Co. (TSE:ALC – Get Free Report) announced a quarterly dividend on Friday, August 2nd, Zacks reports. Stockholders of record on Tuesday, August 20th will be given a dividend of 0.19 per share on Tuesday, September 3rd. This represents a $0.76 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend is Tuesday, August 20th.
Algoma Central Trading Down 3.8 %
Shares of Algoma Central stock traded down C$0.56 during trading hours on Friday, hitting C$14.26. The company’s stock had a trading volume of 35,375 shares, compared to its average volume of 12,611. Algoma Central has a 1-year low of C$14.07 and a 1-year high of C$15.75. The business has a fifty day moving average of C$14.26 and a 200 day moving average of C$14.65. The company has a market capitalization of C$563.56 million, a PE ratio of 6.89 and a beta of 0.72. The company has a quick ratio of 2.06, a current ratio of 0.58 and a debt-to-equity ratio of 56.05.
Algoma Central (TSE:ALC – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported C($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.64) by C$0.20. The company had revenue of C$109.21 million during the quarter, compared to analyst estimates of C$119.00 million. Algoma Central had a net margin of 11.86% and a return on equity of 11.50%. As a group, equities analysts forecast that Algoma Central will post 2.1595745 EPS for the current year.
Wall Street Analysts Forecast Growth
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.
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