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

Algoma Steel Group Inc. (TSE:ASTL - Get Free Report) declared a quarterly dividend on Friday, March 21st, TickerTech Dividends reports. Shareholders of record on Thursday, April 10th will be paid a dividend of 0.05 per share on Thursday, April 10th. This represents a $0.20 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Friday, March 21st.

Algoma Steel Group Stock Performance

TSE:ASTL traded down C$0.17 during mid-day trading on Friday, reaching C$8.86. The company's stock had a trading volume of 321,796 shares, compared to its average volume of 115,384. Algoma Steel Group has a 12-month low of C$7.54 and a 12-month high of C$16.83. The firm's fifty day moving average price is C$10.88 and its two-hundred day moving average price is C$13.02. The company has a current ratio of 3.31, a quick ratio of 1.51 and a debt-to-equity ratio of 43.70. The stock has a market cap of C$920.29 million, a P/E ratio of -6.08 and a beta of 1.50.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus decreased their target price on Algoma Steel Group from C$21.00 to C$15.25 and set a "buy" rating for the company in a research report on Friday, March 14th.

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.