Algoma Central Co. (TSE:ALC - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$14.85 and traded as high as C$14.95. Algoma Central shares last traded at C$14.85, with a volume of 13,499 shares trading hands.
Algoma Central Trading Down 0.9 %
The company has a market cap of C$607.98 million, a P/E ratio of 8.24 and a beta of 0.72. The business has a fifty day simple moving average of C$14.85 and a 200 day simple moving average of C$14.80. The company has a debt-to-equity ratio of 50.70, a quick ratio of 2.06 and a current ratio of 0.76.
Algoma Central Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, March 3rd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Algoma Central's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 5.39%. Algoma Central's dividend payout ratio (DPR) is 42.19%.
Insider Buying and Selling at Algoma Central
In other Algoma Central news, Director Richard Brydone Carty sold 2,000 shares of Algoma Central stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$15.10, for a total value of C$30,200.00. 54.61% of the stock is owned by insiders.
About Algoma Central
(
Get Free Report)
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.
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