Algoma Central dividend calculator – Algoma Central Increases Dividend to CA$0.18 Per Share
January 18, 2023
Trending News ☀️
Algoma Central Stock Fair Value – Algoma Central ($TSX:ALC) Corporation is a Canadian transportation company that operates a fleet of ships from its headquarters in St. Catharines, Ontario. It is a publicly-traded company on the Toronto Stock Exchange and is one of Canada’s leading rail and shipping companies. The company specializes in shipping bulk cargo and dry-bulk cargo such as grain, coal, ore, and forest products throughout Canada and the Great Lakes. Algoma Central recently announced that it will increase its dividend per share to CA$0.18. This marks the fourth consecutive year in which Algoma Central has raised its dividend. This increase is aimed at rewarding shareholders for their ongoing support of the company. The move to raise the dividend reflects Algoma Central’s strong financial performance in recent years. The company has seen steady revenue growth over the past few years and has been able to maintain a healthy balance sheet with a strong liquidity position. The dividend increase also shows that Algoma Central is confident in its future prospects and expects to be able to sustain a higher dividend payout in the future. Shareholders can expect to benefit from the increased dividend in the form of higher returns on their investments.
Additionally, the company’s strong financial performance and outlook should provide additional confidence for investors looking to invest in Algoma Central’s common shares.
Dividends – Algoma Central dividend calculator
This increase represents a dividend yield of 3.98%, 4.26%, and 5.32% for the 2020-2022 period, with an average dividend yield of 4.52%. For those looking for dividend stocks, ALGOMA CENTRAL could be a good option. The company’s strong financial position, stable operations, and commitment to shareholders make it an attractive choice for investors. The company is also committed to providing long-term value to its shareholders, by focusing on creating revenue growth and improving profitability over the long-term.
ALGOMA CENTRAL’s ability to deliver these returns is also a testament to its strong management team, who have been able to effectively manage the company’s operations while achieving a high level of profitability. With this increase in dividends, ALGOMA CENTRAL is further demonstrating its commitment to shareholders and its ability to generate strong returns for them over the long term.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Algoma Central. More…
| Total Revenues | Net Income | Net Margin |
| 646.75 | 102.3 | 13.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Algoma Central. More…
| Operations | Investing | Financing |
| 136.83 | -23.11 | -72.19 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Algoma Central. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.31k | 585.32 | 19.13 |
Key Ratios Snapshot
Some of the financial key ratios for Algoma Central are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.6% | 18.9% | 15.7% |
| FCF Margin | ROE | ROA |
| 16.9% | 9.1% | 4.9% |
Stock Price
The news had a positive impact on the company’s stock, as it opened at CA$16.6 and closed at CA$16.4. The announcement from ALGOMA CENTRAL comes at a time when many companies are struggling due to the economic downturn caused by the pandemic. The decision to increase dividends is a sign of confidence in the company’s financial position and outlook. This is likely to have a positive effect on investor sentiment, which will likely result in further gains for the stock. The dividend increase is also a sign of the company’s commitment to rewarding shareholders.
The additional income of CA$0.18 per share will be welcome news for investors who have seen their portfolios suffer in 2020. It is also a sign that the company is in a strong enough financial position to continue to pay dividends, despite the current economic climate. The increase in dividends is a sign that ALGOMA CENTRAL is confident in its financial position and outlook, and will likely result in further gains for the stock. It is also a sign of the company’s commitment to rewarding shareholders, which will be welcome news for investors. Live Quote…
VI Analysis – Algoma Central Stock Fair Value
Algoma Central Corporation (ALGOMA CENTRAL) is a Canadian transportation company. Its fundamentals, such as financial performance and management quality, are key indicators of its long-term potential. To analyze ALGOMA CENTRAL, investors can use the Valens Investment (VI) app. The VI Line, a tool within the app, determines that the fair value of ALGOMA CENTRAL’s share is currently CA$14.4. However, the current market price of ALGOMA CENTRAL’s share is CA$16.4, which is 14% overvalued. This suggests that there may be potential for investors to buy or sell ALGOMA CENTRAL’s shares at an appropriate price. Investors should use the VI app in order to make informed decisions and maximize their returns. More…
VI Peers
– Okeanis Eco Tankers Corp ($OTCPK:OKENF)
Okeanis Eco Tankers Corp is a publicly traded tanker company that owns and operates a modern fleet of double-hull crude oil tankers. The company’s mission is to provide safe, reliable and environmentally friendly maritime transportation services. The company’s fleet consists of 13 double-hull VLCCs and 4 Suezmax tankers with an average age of less than 5 years.
– Navios Maritime Partners LP ($NYSE:NMM)
Navios Maritime Partners LP is a publicly traded partnership formed in 2007 and based in Piraeus, Greece. The Partnership is engaged in the seaborne transportation services of dry bulk cargoes and crude oil. The Partnership owns and operates a modern fleet of 42 dry bulk vessels, including 18 Capesize, 15 Panamax, 4 Supramax and 5 Handysize vessels, with an average age of 10 years and a cargo-carrying capacity of approximately 6.7 million deadweight tons (“dwt”). The Partnership’s vessels are employed on period charters, spot charters and time charters.
– Seanergy Maritime Holdings Corp ($NASDAQ:SHIP)
Steergy Maritime Holdings Corp is a publicly traded company with a market capitalization of $89.28 million as of March 2022. The company focuses on the transportation of dry bulk commodities and operates a fleet of dry bulk vessels. As of March 2021, it had a total of 38 vessels in its fleet, including Capesize, Panamax, and Supramax vessels. The company’s return on equity was 16.65% as of 2021.
Summary
Algoma Central Corporation is a Canadian transportation and logistics company that recently announced an increase in their dividend to CA$0.18 per share. Analysts expect the dividend to rise further in the coming years as the company grows its business and continues to invest in its infrastructure.
Related Posts
Recent Posts
