Free Trial

Algoma Central (ALC) Dividend Yield, Date & History

Algoma Central logo
C$14.37 -0.04 (-0.28%)
(As of 12/24/2024 11:16 AM ET)

Algoma Central Dividend Summary

Dividend Yield
5.29%
Annual Dividend
C$0.76
Recent
Dividend Payment
Dec. 2
Dividend Payout Ratio
45.78%

Algoma Central (ALC) pays an annual dividend of C$0.76 per share, with a dividend yield of 5.29%. The next payment of C$0.19 per share was paid on Monday, December 2, to investors who owned the stock before the ex-dividend date of Monday, November 18. The company currently pays out 45.78% of its earnings and 24.16% of its cash flow as dividends.

Get Dividend Stock Ideas Daily

Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news.

Sign Up
Skip Charts & View Dividend History

ALC Dividend Payments by Quarter

The chart below displays up to four years of Algoma Central's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

ALC Dividend Yield Over Time

The chart below tracks Algoma Central's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Algoma Central vs. The Competition

Compare Algoma Central's annual dividend, yield, and 3-year growth rate with averages for Industrials and TSE companies to evaluate its performance against the market.

TypeAlgoma CentralIndustrials CompaniesTSE Companies
Annual DividendC$0.76C$0.17C$1.07
Dividend Yield5.29%3.94%5.40%

Algoma Central Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings45.78%
Based on This Year's Estimate40.02%
Based on Cashflow24.16%

Algoma Central Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/18/2024Quarterly$0.19 - 5.08%11/18/202412/2/202412/2/2024
8/20/2024Quarterly$0.19 - 5.33%8/20/20249/3/20249/3/2024
5/16/2024Quarterly$0.19 - 5.18%5/16/20246/3/20246/3/2024
Why I'm telling friends to avoid gold stocks (Ad)

Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."

And if you’d like to get your hands on this, here you go, the complete breakdown.
2/15/2024Quarterly$0.19+$0.01
5.56%
5.1%2/15/20243/1/20243/1/2024
11/3/2023Quarterly$0.18 - 4.96%11/16/202311/17/202312/1/2023
8/14/2023Quarterly$0.18 - 4.75%8/17/20238/18/20239/1/2023
5/3/2023Quarterly$0.18 - 4.63%5/17/20235/18/20236/1/2023
2/14/2023Quarterly$0.18-$1.17
86.67%
4.39%2/14/20233/1/20233/1/2023

This table shows Algoma Central's dividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Algoma Central Dividend - Frequently Asked Questions

The current dividend yield for Algoma Central is 5.29%. Learn more on ALC's dividend yield history.

The annual dividend for ALC shares is C$0.76. Learn more on ALC's annual dividend history.

Algoma Central pays quarterly dividends to shareholders.

Algoma Central's most recent quarterly dividend payment of C$0.19 per share was made to shareholders on Monday, December 2, 2024.

Algoma Central's most recent ex-dividend date was Monday, November 18, 2024.

The most recent change in the company's dividend was an increase of C$0.01 on Thursday, February 15, 2024.

The dividend payout ratio for ALC is:
  • 45.78% based on the trailing year of earnings
  • 40.02% based on this year's estimates
  • 24.16% based on cash flow

Algoma Central's dividend yield of 5.12% is higher than the average Industrials company that issues a dividend. Algoma Central's dividend payout ratio of 45.78% is at a healthy, sustainable level, below 75% of its earnings.


This page (TSE:ALC) was last updated on 12/25/2024 by MarketBeat.com Staff
From Our Partners