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

Algoma Central Co. (TSE:ALC) declared a quarterly dividend on Friday, February 14th,TickerTech Dividends reports. Investors of record on Monday, March 3rd will be given a dividend of 0.20 per share on Monday, March 3rd. This represents a $0.80 dividend on an annualized basis 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 Stock Down 0.8 %

Algoma Central stock traded down C$0.12 during trading hours on Wednesday, hitting C$15.20. 3,316 shares of the stock traded hands, compared to its average volume of 6,130. Algoma Central has a one year low of C$14.03 and a one year high of C$15.60. The firm’s 50-day moving average price is C$14.75 and its two-hundred day moving average price is C$14.74. The company has a current ratio of 0.65, a quick ratio of 2.06 and a debt-to-equity ratio of 56.47. The company has a market cap of C$616.66 million, a PE ratio of 9.16 and a beta of 0.72.

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.