Algoma Central Co. (TSE:ALC) Declares Dividend Increase – $0.20 Per Share

Algoma Central Co. (TSE:ALC) announced a quarterly dividend on Friday, February 14th,TickerTech Dividends reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.20 per share on Monday, March 3rd. This represents a $0.80 annualized dividend and a yield of 5.26%. The ex-dividend date is Friday, February 14th. This is a boost from Algoma Central’s previous quarterly dividend of $0.19.

Algoma Central Price Performance

TSE ALC traded down C$0.12 during trading hours on Wednesday, reaching C$15.20. 3,316 shares of the stock traded hands, compared to its average volume of 6,130. 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 stock has a 50 day simple moving average of C$14.75 and a two-hundred day simple moving average of C$14.74. Algoma Central has a 1 year low of C$14.03 and a 1 year high of C$15.60. The company has a market cap of C$616.66 million, a price-to-earnings ratio of 9.16 and a beta of 0.72.

Algoma Central Company Profile

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.