John Christopher Barron Purchases 1,000 Shares of Algoma Central Co. (ALC) Stock

Algoma Central Co. (TSE:ALC) Director John Christopher Barron acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were bought at an average price of C$14.49 per share, with a total value of C$14,490.00.

Algoma Central Co. (TSE ALC) traded down C$0.16 during midday trading on Thursday, reaching C$15.15. 13,961 shares of the company were exchanged, compared to its average volume of 6,631. Algoma Central Co. has a 1-year low of C$11.46 and a 1-year high of C$15.33.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Thursday, November 16th. This is an increase from Algoma Central’s previous quarterly dividend of $0.08. Algoma Central’s dividend payout ratio (DPR) is -272.73%.

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About Algoma Central

Algoma Central Corp is a Canada-based company, which owns and operates the Canadian flag fleet of dry and liquid bulk carriers operating on the Great Lakes-St. Lawrence Waterway. It operates through the following segments: Domestic Dry-Bulk, Product Tankers and Ocean Shipping. Its Domestic Dry-Bulk marine transportation segment includes the ownership and management of the operational and commercial activities of the Company’s domestic dry-bulk fleet vessel, which includes over 20 vessels.

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