Algoma Steel Group Inc. to Issue Quarterly Dividend of $0.05 (TSE:ASTL)

Algoma Steel Group Inc. (TSE:ASTL) declared a quarterly dividend on Friday, March 21st, TickerTech Dividends reports. Stockholders of record on Thursday, April 10th will be paid a dividend of 0.05 per share on Thursday, April 10th. This represents a $0.20 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Friday, March 21st.

Algoma Steel Group Trading Up 0.3 %

Shares of ASTL stock opened at C$9.08 on Wednesday. The stock has a 50 day simple moving average of C$11.06 and a 200-day simple moving average of C$13.12. Algoma Steel Group has a 1-year low of C$7.54 and a 1-year high of C$16.83. The company has a debt-to-equity ratio of 43.70, a current ratio of 3.31 and a quick ratio of 1.51. The company has a market cap of C$943.14 million, a price-to-earnings ratio of -6.23 and a beta of 1.50.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reduced their price objective on Algoma Steel Group from C$21.00 to C$15.25 and set a “buy” rating for the company in a research note on Friday, March 14th.

About Algoma Steel Group

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.