Shares of Algoma Central Co. (TSE:ALC - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$14.79 and traded as high as C$15.50. Algoma Central shares last traded at C$15.15, with a volume of 26,906 shares.
Algoma Central Stock Down 1.8 %
The firm has a 50 day moving average price of C$14.80 and a 200-day moving average price of C$14.79. The firm has a market cap of C$606.34 million, a price-to-earnings ratio of 8.22 and a beta of 0.72. The company has a debt-to-equity ratio of 50.70, a current ratio of 0.76 and a quick ratio of 2.06.
Algoma Central Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, March 3rd will be given a dividend of $0.20 per share. This is a boost from Algoma Central's previous quarterly dividend of $0.19. The ex-dividend date is Friday, February 14th. This represents a $0.80 annualized dividend and a dividend yield of 5.40%. Algoma Central's payout ratio is currently 42.19%.
Algoma Central Company Profile
(
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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.
Further Reading
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