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Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes - St. Lawrence Waterway in Canada. The company operates in six segments: Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, Investment Properties, and Corporate. It operates self-unloading bulk carriers; and owns and manages tankers for the transportation of liquid petroleum products throughout the Great Lakes, the St. Lawrence waterway, and the Atlantic Canada regions. The company also owns eight ocean-going self-unloading vessels that carry coal for power generation, crushed aggregates for construction, gypsum for wallboard manufacturing, iron ore for the steel industry, and salt for winter road safety. In addition, it provides management services to third parties, as well as owns a shopping center. It serves iron and steel, aggregate, cement and building material, and salt producers; agricultural product distributors; and oil refiners, wholesale distributors, and large consumers of petroleum products. The company was formerly known as Algoma Central Railway and changed its name to Algoma Central Corporation in 1990. Algoma Central Corporation was incorporated in 1899 and is headquartered in St. Catharines, Canada.

Algoma Central Dividend Announcement

Algoma Central announced a quarterly dividend of $0.00 per ordinary share which will be made payable on . Ex dividend date: 2024-11-18
Algoma Central annual dividend for 2024 was $0.42
Algoma Central annual dividend for 2023 was $1.53
Algoma Central's trailing twelve-month (TTM) dividend yield is 5.06%
Algoma Central's payout ratio for the trailing twelve months (TTM) is 40.52%
Algoma Central's dividend growth over the last five years (2018-2023) was 38.29% year

Algoma Central Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-11-18$0.00quarterly
2024-08-20$0.14quarterly2024-09-03
2024-05-16$0.14quarterly
2024-02-15$0.14quarterly
2023-11-16$0.13quarterly2023-12-01
2023-08-17$0.13quarterly2023-09-01
2023-05-17$0.13quarterly2023-06-01
2023-02-14$0.13quarterly2023-03-01
2023-01-03$0.99quarterly2023-01-18
2022-11-16$0.13quarterly2022-12-01
2022-08-17$0.13quarterly2022-09-01
2022-05-17$0.13quarterly2022-06-01
2021-11-16$0.14quarterly2021-12-01
2021-08-17$0.13quarterly2021-09-01
2021-05-17$0.14quarterly2021-06-01
2021-02-11$0.13quarterly2021-03-01
2020-12-23$2.05quarterly2021-01-12
2020-11-16$0.10quarterly2020-12-01
2020-08-17$0.10quarterly2020-09-01
2020-05-14$0.09quarterly2020-06-01
2020-02-13$0.09quarterly2020-03-02
2019-11-15$0.08quarterly2019-12-02
2019-08-19$0.08quarterly2019-09-03
2019-02-14$0.08quarterly2019-03-01
2018-11-16$0.08quarterly2018-12-03
2018-08-20$0.08quarterly2018-09-04
2018-05-17$0.08quarterly2018-06-01
2018-02-14$0.07quarterly2018-03-01
2017-11-16$0.07quarterly2017-12-01
2017-08-16$0.06quarterly2017-09-01
2017-02-13$0.05quarterly2017-03-01
2016-11-15$0.05quarterly
2016-08-16$0.05quarterly
2016-05-16$0.05quarterly
2016-02-11$0.05quarterly
2015-11-13$0.05quarterly
2015-08-14$0.05quarterly
2015-05-13$0.06quarterly
2015-02-11$0.06quarterly
2014-11-13$0.06quarterly
2014-08-15$0.06quarterly
2014-05-14$0.06quarterly
2014-02-12$0.06quarterly

Algoma Central Dividend per year

Algoma Central Dividend growth

Algoma Central Dividend Yield

Algoma Central current trailing twelve-month (TTM) dividend yield is 5.06%. Interested in purchasing Algoma Central stock? Use our calculator to estimate your expected dividend yield:

Algoma Central Financial Ratios

P/E ratio8.70
PEG ratio-0.15
P/B ratio0.75
ROE8.93%
Payout ratio40.52%
Current ratio0.65
Quick ratio0.59
Cash Ratio0.13

Algoma Central Dividend FAQ

How much is the next Algoma Central dividend?
Algoma Central's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Algoma Central dividend. The next Algoma Central dividend will be released in January, February, May, August, or November.
When is Algoma Central dividend paid?
Algoma Central pays dividends on a quarterly basis. The specific dates may vary each year but are generally around January, February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Algoma Central pay?
The specific amount of Algoma Central dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Algoma Central's dividend history.
Does Algoma Central stock pay dividends?
Yes, Algoma Central does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Algoma Central's dividend history.
How much dividend does Algoma Central pay?
Algoma Central paid $0.419 in 2024, $1.528 in 2023, $0.392 in 2022, $0.545 in 2021, and $2.426 in 2020.
How often does Algoma Central pay dividends?
Algoma Central typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around January, February, May, August, and November.
What is Algoma Central's dividend yield?
The current dividend yield for Algoma Central is 5.06%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Algoma Central's exact dividend yield.
When does Algoma Central go ex dividend?
Algoma Central's ex-dividend date for the latest dividend was on 2024-11-18. Algoma Central typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Algoma Central dividend paid?
Algoma Central pays dividends on a quarterly basis, typically around January, February, May, August, or November, but the exact dates can vary each year.
Will Algoma Central increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Algoma Central will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Algoma Central dividend per share?
Algoma Central paid $0.419 per share in 2024 and $1.528 per share in 2023. The amount of dividend per share that Algoma Central pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Algoma Central a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Algoma Central a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Algoma Central a dividend stock?
Yes, Algoma Central is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Algoma Central a good dividend stock?
Whether Algoma Central is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Algoma Central has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Algoma Central as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Algoma Central pay dividends monthly?
Algoma Central typically pays dividends on a quarterly basis.
Does Algoma Central pay dividends quarterly?
Algoma Central currently pays dividends on a quarterly basis.
Has Algoma Central ever paid a dividend?
Yes, Algoma Central has a history of paying dividends to its shareholders. Algoma Central is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Algoma Central dividend stocks?
To buy Algoma Central you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Algoma Central stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Algoma Central pay dividends 2024?
Algoma Central pays dividends on a quarterly basis. 2024 dividend payments are in . However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Algoma Central increase its dividend in 2024?
Decisions regarding Algoma Central dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Algoma Central dividend overview you can look into the above table of dividend history.
How Algoma Central dividend works?
The Algoma Central dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Algoma Central's dividend process works:

1. Determination of Dividend: Algoma Central's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Algoma Central publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Algoma Central distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Algoma Central are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Algoma Central dividends paid?
Algoma Central dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Algoma Central sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Algoma Central distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Algoma Central declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Algoma Central pay dividends?
Algoma Central typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Algoma Central pay dividends?
The general pattern is that Algoma Central pays dividends around January, February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Algoma Central dividend safe?
The safety of Algoma Central's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Algoma Central's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Algoma Central's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.