Algoma Steel Group Inc. Declares Quarterly Dividend of $0.05 (NASDAQ:ASTL)

Algoma Steel Group Inc. (NASDAQ:ASTL) declared a quarterly dividend on Thursday, June 20th, Zacks reports. Shareholders of record on Tuesday, July 2nd will be paid a dividend of 0.05 per share on Friday, July 19th. This represents a $0.20 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Tuesday, July 2nd.

Algoma Steel Group Stock Up 0.6 %

ASTL opened at $6.96 on Monday. The firm has a market capitalization of $724.68 million, a P/E ratio of 22.45 and a beta of 1.48. Algoma Steel Group has a one year low of $6.34 and a one year high of $10.25. The company has a fifty day moving average price of $7.60 and a 200-day moving average price of $8.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.95 and a quick ratio of 1.06.

Algoma Steel Group (NASDAQ:ASTL) last announced its earnings results on Saturday, June 22nd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The business had revenue of $460.35 million for the quarter, compared to the consensus estimate of $439.82 million. Algoma Steel Group had a net margin of 3.81% and a return on equity of 7.01%. During the same period last year, the firm posted ($0.14) earnings per share. Equities research analysts expect that Algoma Steel Group will post -0.25 earnings per share for the current fiscal year.

About Algoma Steel Group

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.