Algoma Central Co. (TSE:ALC) to Issue Quarterly Dividend of $0.17

Algoma Central Co. (TSE:ALCGet Rating) declared a quarterly dividend on Tuesday, May 17th, TickerTech reports. Investors of record on Wednesday, June 1st will be paid a dividend of 0.17 per share on Wednesday, June 1st. This represents a $0.68 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Tuesday, May 17th.

Shares of ALC opened at C$17.00 on Friday. The company has a current ratio of 2.26, a quick ratio of 2.01 and a debt-to-equity ratio of 61.26. The firm has a market capitalization of C$642.62 million and a P/E ratio of 8.47. The stock’s fifty day simple moving average is C$17.16 and its 200 day simple moving average is C$17.19. Algoma Central has a twelve month low of C$15.08 and a twelve month high of C$18.93.

Algoma Central (TSE:ALCGet Rating) last announced its quarterly earnings results on Monday, February 28th. The company reported C$0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.62 by C$0.15. The company had revenue of C$178.85 million during the quarter, compared to analyst estimates of C$165.50 million. Sell-side analysts predict that Algoma Central will post 1.74 earnings per share for the current year.

Algoma Central Company Profile (Get Rating)

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes – St. Lawrence Waterway in Canada. The company operates in six segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, Investment Properties, and Corporate. It operates self-unloading bulk carriers; and owns and manages tankers for the transportation of liquid petroleum products throughout the Great Lakes, the St.

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Dividend History for Algoma Central (TSE:ALC)

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