Richard Brydone Carty Sells 2,000 Shares of Algoma Central Co. (TSE:ALC) Stock

Algoma Central Co. (TSE:ALC) Director Richard Brydone Carty sold 2,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$15.10, for a total value of C$30,200.00.

Algoma Central Trading Down 1.7 %

Shares of ALC stock traded down C$0.25 during trading hours on Tuesday, hitting C$14.56. The company had a trading volume of 14,026 shares, compared to its average volume of 6,902. The company has a debt-to-equity ratio of 50.70, a current ratio of 0.76 and a quick ratio of 2.06. The stock has a market capitalization of C$596.11 million, a PE ratio of 8.08 and a beta of 0.72. Algoma Central Co. has a fifty-two week low of C$14.03 and a fifty-two week high of C$15.60. The company’s fifty day moving average is C$14.80 and its 200 day moving average is C$14.79.

Algoma Central Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, March 3rd were given a $0.20 dividend. This is an increase from Algoma Central’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend was Friday, February 14th. Algoma Central’s payout ratio is currently 42.19%.

Algoma Central Company Profile

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.