Algoma Central (TSE:ALC) Shares Pass Above Fifty Day Moving Average - What's Next?

Algoma Central Co. (TSE:ALC - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$14.77 and traded as high as C$15.03. Algoma Central shares last traded at C$14.92, with a volume of 9,468 shares traded.

Algoma Central Stock Down 0.3 %

The stock has a fifty day moving average price of C$14.77 and a 200 day moving average price of C$14.77. The company has a debt-to-equity ratio of 50.70, a current ratio of 0.76 and a quick ratio of 2.06. The stock has a market capitalization of C$612.07 million, a P/E ratio of 8.30 and a beta of 0.72.

Algoma Central Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, March 3rd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Algoma Central's previous quarterly dividend of $0.19. Algoma Central's dividend payout ratio (DPR) is 42.19%.

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.