Algoma Central Co. (TSE:ALC) Plans $0.19 Quarterly Dividend

Algoma Central Co. (TSE:ALCGet Free Report) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Friday, May 17th will be paid a dividend of 0.19 per share on Monday, June 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Thursday, May 16th.

Algoma Central Trading Up 1.1 %

Shares of TSE:ALC opened at C$14.72 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 2.06 and a debt-to-equity ratio of 48.49. Algoma Central has a 12-month low of C$14.14 and a 12-month high of C$15.75. The company has a market cap of C$581.73 million, a PE ratio of 7.11 and a beta of 0.72. The stock has a 50 day moving average of C$14.78 and a 200 day moving average of C$14.86.

Algoma Central (TSE:ALCGet Free Report) last released its earnings results on Monday, February 26th. The company reported C$0.80 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.57 by C$0.23. The company had revenue of C$201.32 million for the quarter, compared to analysts’ expectations of C$186.60 million. Algoma Central had a net margin of 11.86% and a return on equity of 11.02%. As a group, equities research analysts expect that Algoma Central will post 1.7768396 EPS for the current year.

Analyst Ratings Changes

Separately, Cormark boosted their price target on Algoma Central from C$18.50 to C$19.50 in a report on Thursday, May 2nd.

Read Our Latest Report on Algoma Central

About Algoma Central

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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.

See Also

Dividend History for Algoma Central (TSE:ALC)

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