Algoma Central Co. (TSE:ALC - Get Free Report) Director Richard Brydone Carty sold 2,000 shares of the 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 transaction of C$30,200.00.
Algoma Central Price Performance
Shares of Algoma Central stock traded up C$0.25 during trading on Friday, reaching C$15.00. 6,067 shares of the company's stock were exchanged, compared to its average volume of 7,184. 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 Co. has a 1-year low of C$14.03 and a 1-year high of C$15.60. The company has a market cap of C$614.12 million, a P/E ratio of 8.33 and a beta of 0.72. The firm's 50-day moving average price is C$14.83 and its 200 day moving average price is C$14.80.
Algoma Central Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, March 3rd were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.33%. This is a boost from Algoma Central's previous quarterly dividend of $0.19. Algoma Central's dividend payout ratio is 42.19%.
About Algoma Central
(
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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.
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