Shares of Algoma Central Co. (TSE:ALC - Get Free Report) traded down 1.7% on Friday . The stock traded as low as C$14.82 and last traded at C$14.82. 12,772 shares changed hands during trading, an increase of 14% from the average session volume of 11,203 shares. The stock had previously closed at C$15.07.
Algoma Central Stock Performance
The company's fifty day simple moving average is C$15.04 and its two-hundred day simple moving average is C$14.58. The company has a market capitalization of C$601.25 million, a price-to-earnings ratio of 8.93 and a beta of 0.72. The company has a debt-to-equity ratio of 56.47, a quick ratio of 2.06 and a current ratio of 0.65.
Algoma Central Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.13%. The ex-dividend date was Monday, November 18th. Algoma Central's dividend payout ratio is currently 45.78%.
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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