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 on Friday, February 28th. The stock was sold at an average price of C$15.10, for a total transaction of C$30,200.00.

Algoma Central Stock Performance

Shares of TSE ALC opened at C$14.75 on Thursday. The firm has a fifty day moving average price of C$14.82 and a 200-day moving average price of C$14.80. 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 cap of C$603.89 million, a PE ratio of 8.19 and a beta of 0.72. Algoma Central Co. has a 1 year low of C$14.03 and a 1 year high of C$15.60.

Algoma Central Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, March 3rd were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Algoma Central’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.42%. Algoma Central’s dividend payout ratio is 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.