Algoma Steel Group Inc. Plans Quarterly Dividend of $0.05 (NASDAQ:ASTL)

Algoma Steel Group Inc. (NASDAQ:ASTL) announced a quarterly dividend on Thursday, June 20th, Zacks reports. Shareholders of record on Tuesday, July 2nd will be given a dividend of 0.05 per share on Friday, July 19th. This represents a $0.20 annualized dividend and a yield of 2.87%. The ex-dividend date is Tuesday, July 2nd.

Algoma Steel Group Trading Up 0.6 %

NASDAQ:ASTL opened at $6.96 on Monday. Algoma Steel Group has a 52-week low of $6.34 and a 52-week high of $10.25. The company has a quick ratio of 1.06, a current ratio of 2.95 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $7.60 and a 200-day simple moving average of $8.23. The company has a market capitalization of $724.68 million, a PE ratio of 22.45 and a beta of 1.48.

Algoma Steel Group (NASDAQ:ASTL) last posted its earnings results on Saturday, June 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. Algoma Steel Group had a return on equity of 7.01% and a net margin of 3.81%. The firm had revenue of $460.35 million for the quarter, compared to analyst estimates of $439.82 million. During the same quarter in the prior year, the company earned ($0.14) EPS. On average, equities research analysts expect that Algoma Steel Group will post -0.25 earnings per share for the current fiscal year.

Algoma Steel Group Company Profile

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.