Algoma Central (TSE:ALC) Releases Quarterly Earnings Results

Algoma Central (TSE:ALC) posted its quarterly earnings data on Friday. The company reported C$0.88 earnings per share for the quarter, FiscalAI reports. Algoma Central had a return on equity of 17.62% and a net margin of 21.56%.The company had revenue of C$258.27 million during the quarter.

Algoma Central Stock Performance

TSE:ALC opened at C$23.47 on Friday. The firm’s 50-day moving average is C$22.60 and its 200-day moving average is C$21.81. The company has a market cap of C$952.13 million, a price-to-earnings ratio of 5.66 and a beta of 0.96. The company has a debt-to-equity ratio of 61.22, a quick ratio of 2.06 and a current ratio of 0.48. Algoma Central has a 52-week low of C$16.31 and a 52-week high of C$24.10.

Algoma Central Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, June 1st were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, May 15th. Algoma Central’s dividend payout ratio (DPR) is currently 19.52%.

Algoma Central Company Profile

Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice ¿.