Algoma Central Co. (TSE:ALC) Announces Quarterly Dividend of $0.19

Algoma Central Co. (TSE:ALC) declared a quarterly dividend on Monday, November 4th, Zacks reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.19 per share on Monday, December 2nd. This represents a $0.76 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Monday, November 18th.

Algoma Central Stock Performance

The company has a debt-to-equity ratio of 56.47, a current ratio of 0.65 and a quick ratio of 2.06. The stock has a market capitalization of C$612.20 million, a price-to-earnings ratio of 9.01 and a beta of 0.72. The firm has a 50-day moving average price of C$14.74 and a 200-day moving average price of C$14.51. Algoma Central has a 1-year low of C$14.03 and a 1-year high of C$15.60.

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.