Algoma Central Co. (TSE:ALC – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$14.30 and traded as high as C$14.74. Algoma Central shares last traded at C$14.74, with a volume of 5,402 shares.
Analyst Upgrades and Downgrades
Separately, Cormark upped their price objective on shares of Algoma Central from C$18.50 to C$19.50 in a research report on Thursday, May 2nd.
Check Out Our Latest Stock Report on Algoma Central
Algoma Central Stock Performance
Algoma Central Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.76 annualized dividend and a dividend yield of 5.17%. Algoma Central’s payout ratio is 45.78%.
About Algoma Central
Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors.
Recommended Stories
- Five stocks we like better than Algoma Central
- What is a Dividend King?
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- What is the Nikkei 225 index?
- MarketBeat Week in Review – 8/12 – 8/16
- Financial Services Stocks Investing
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
Receive News & Ratings for Algoma Central Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algoma Central and related companies with MarketBeat.com's FREE daily email newsletter.