Algoma Central Co. Plans Quarterly Dividend of $0.19 (TSE:ALC)

Algoma Central Co. (TSE:ALC - Get Free Report) declared a quarterly dividend on Monday, November 4th, Zacks reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.19 per share on Monday, December 2nd. This represents a $0.76 annualized dividend and a dividend yield of ∞. The ex-dividend date is Monday, November 18th.

Algoma Central Price Performance

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 has a twelve month low of C$14.03 and a twelve month high of C$15.60. The business has a fifty day moving average price of C$14.74 and a 200-day moving average price of C$14.51. The firm has a market cap of C$612.20 million, a PE ratio of 9.01 and a beta of 0.72.

Algoma Central (TSE:ALC - Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The company reported C$0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.81 by C($0.37). Algoma Central had a return on equity of 9.14% and a net margin of 9.98%. The business had revenue of C$180.97 million during the quarter, compared to the consensus estimate of C$215.80 million. Equities analysts forecast that Algoma Central will post 1.898977 EPS for the current fiscal year.

Algoma Central Company Profile

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.