Algoma Central (TSE:ALC) Posts Earnings Results

Algoma Central (TSE:ALC) posted its quarterly earnings data on Friday. The company reported C$1.34 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$287.75 million during the quarter. Algoma Central had a return on equity of 18.59% and a net margin of 20.92%.

Algoma Central Price Performance

Shares of Algoma Central stock traded down C$2.10 during mid-day trading on Friday, reaching C$29.22. 29,681 shares of the stock were exchanged, compared to its average volume of 8,451. The company has a market cap of C$1.19 billion, a price-to-earnings ratio of 6.37 and a beta of 1.09. The company has a current ratio of 0.69, a quick ratio of 2.06 and a debt-to-equity ratio of 73.18. Algoma Central has a fifty-two week low of C$17.50 and a fifty-two week high of C$33.00. The firm has a 50-day simple moving average of C$26.25 and a 200 day simple moving average of C$23.11.

Algoma Central Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, December 1st will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, November 17th. This is a positive change from Algoma Central’s previous quarterly dividend of $0.21. Algoma Central’s payout ratio is currently 18.08%.

About Algoma Central

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 ¿.