Algoma Central Co. (TSE:ALC – Get Free Report)’s stock price traded up 6.5% during trading on Monday. The stock traded as high as C$31.21 and last traded at C$31.11. 6,289 shares changed hands during trading, a decline of 25% from the average daily volume of 8,441 shares. The stock had previously closed at C$29.22.
Algoma Central Price Performance
The company has a quick ratio of 2.06, a current ratio of 0.69 and a debt-to-equity ratio of 73.18. The company has a fifty day simple moving average of C$26.58 and a two-hundred day simple moving average of C$23.23. The company has a market cap of C$1.31 billion, a price-to-earnings ratio of 7.03 and a beta of 1.09.
Algoma Central (TSE:ALC – Get Free Report) last announced its earnings results on Friday, November 6th. The company reported C$1.34 earnings per share (EPS) for the quarter. Algoma Central had a net margin of 20.92% and a return on equity of 18.59%. The company had revenue of C$287.75 million during the quarter. On average, equities research analysts anticipate that Algoma Central Co. will post 1.90 earnings per share for the current fiscal year.
Algoma Central Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, December 1st will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.8%. This is an increase from Algoma Central’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, November 17th. Algoma Central’s dividend payout ratio (DPR) is 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 ¿.
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