Algoma Steel Group Inc. (NASDAQ:ASTL) to Issue $0.05 Quarterly Dividend

Algoma Steel Group Inc. (NASDAQ:ASTL - Get Free Report) announced a quarterly dividend on Wednesday, March 12th, Wall Street Journal reports. Stockholders of record on Friday, March 21st will be given a dividend of 0.05 per share on Thursday, April 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Friday, March 21st.

Algoma Steel Group Trading Down 3.4 %

Shares of Algoma Steel Group stock traded down $0.22 during trading hours on Monday, hitting $6.33. The company's stock had a trading volume of 893,929 shares, compared to its average volume of 1,029,346. Algoma Steel Group has a 1-year low of $5.20 and a 1-year high of $12.14. The business has a fifty day moving average of $7.80 and a 200 day moving average of $9.39. The company has a quick ratio of 1.66, a current ratio of 3.31 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $663.92 million, a PE ratio of -4.98 and a beta of 1.47.

Algoma Steel Group Company Profile

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.