Algoma Central (TSE:ALC) Posts Quarterly Earnings Results

Algoma Central (TSE:ALC) announced its quarterly earnings data on Thursday. The company reported C$2.32 earnings per share for the quarter, FiscalAI reports. Algoma Central had a net margin of 18.79% and a return on equity of 15.49%.

Algoma Central Trading Down 3.6%

Shares of TSE:ALC opened at C$21.15 on Friday. Algoma Central has a 52-week low of C$14.07 and a 52-week high of C$24.10. The stock has a market cap of C$858.01 million, a price-to-earnings ratio of 8.49 and a beta of 0.82. The company has a quick ratio of 2.06, a current ratio of 0.71 and a debt-to-equity ratio of 53.20. The business has a 50-day moving average price of C$20.48 and a 200-day moving average price of C$18.73.

Algoma Central Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, March 2nd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, February 13th. This is a boost from Algoma Central’s previous quarterly dividend of $0.20. Algoma Central’s dividend payout ratio (DPR) is presently 31.73%.

Algoma Central Company Profile

Algoma Central Corp owns and operates the fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company’s Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean SelfUnloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.