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Algoma Steel Group Inc. produces and sells steel products primarily in North America. It 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. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Marie, Canada.

Algoma Steel Dividend Announcement

Algoma Steel announced a quarterly dividend of $0.05 per ordinary share which will be made payable on 2024-12-27. Ex dividend date: 2024-11-27
Algoma Steel annual dividend for 2024 was $0.20
Algoma Steel annual dividend for 2023 was $0.20
Algoma Steel's trailing twelve-month (TTM) dividend yield is 1.93%
Algoma Steel's payout ratio for the trailing twelve months (TTM) is -17.93%

Algoma Steel Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-11-27$0.05quarterly2024-12-27
2024-08-23$0.05quarterly2024-09-27
2024-07-02$0.05quarterly2024-07-19
2024-02-28$0.05quarterly2024-03-28
2023-11-29$0.05quarterly2023-12-29
2023-08-24$0.05quarterly2023-09-29
2023-07-04$0.05quarterly2023-07-24
2023-02-27$0.05quarterly2023-03-31
2022-11-30$0.05quarterly2022-12-30
2022-08-30$0.05quarterly2022-09-30
2022-06-24$0.05quarterly2022-07-15
2022-02-25$0.05quarterly2022-03-31

Algoma Steel Dividend per year

Algoma Steel Dividend growth

Algoma Steel Dividend Yield

Algoma Steel current trailing twelve-month (TTM) dividend yield is 1.93%. Interested in purchasing Algoma Steel stock? Use our calculator to estimate your expected dividend yield:

Algoma Steel Financial Ratios

P/E ratio-7.99
PEG ratio-0.13
P/B ratio0.89
ROE-10.66%
Payout ratio-17.93%
Current ratio3.31
Quick ratio1.66
Cash Ratio0.94

Algoma Steel Dividend FAQ

How much is the next Algoma Steel dividend?
Algoma Steel'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 Steel dividend. The next Algoma Steel dividend will be released in February, July, August, or November.
When is Algoma Steel dividend paid?
Algoma Steel pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, July, 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 Steel pay?
The specific amount of Algoma Steel 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 Steel's dividend history.
Does Algoma Steel stock pay dividends?
Yes, Algoma Steel 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 Steel's dividend history.
How much dividend does Algoma Steel pay?
Algoma Steel paid $0.2 in 2024, $0.2 in 2023, $0.2 in 2022, $0.0 in 2021, and $0.0 in 2020.
How often does Algoma Steel pay dividends?
Algoma Steel 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 February, July, August, and November.
What is Algoma Steel's dividend yield?
The current dividend yield for Algoma Steel is 1.93%. 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 Steel's exact dividend yield.
When does Algoma Steel go ex dividend?
Algoma Steel's ex-dividend date for the latest dividend was on 2024-11-27. Algoma Steel 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 Steel dividend paid?
Algoma Steel pays dividends on a quarterly basis, typically around February, July, August, or November, but the exact dates can vary each year.
Will Algoma Steel 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 Steel 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 Steel dividend per share?
Algoma Steel paid $0.2 per share in 2024 and $0.2 per share in 2023. The amount of dividend per share that Algoma Steel 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 Steel 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 Steel 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 Steel a dividend stock?
Yes, Algoma Steel is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Algoma Steel a good dividend stock?
Whether Algoma Steel 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 Steel has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Algoma Steel 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 Steel pay dividends monthly?
Algoma Steel typically pays dividends on a quarterly basis.
Does Algoma Steel pay dividends quarterly?
Algoma Steel currently pays dividends on a quarterly basis.
Has Algoma Steel ever paid a dividend?
Yes, Algoma Steel has a history of paying dividends to its shareholders. Algoma Steel is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Algoma Steel dividend stocks?
To buy Algoma Steel 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 Steel 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 Steel pay dividends 2024?
Algoma Steel pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-27. 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 Steel increase its dividend in 2024?
Decisions regarding Algoma Steel 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 Steel dividend overview you can look into the above table of dividend history.
How Algoma Steel dividend works?
The Algoma Steel 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 Steel's dividend process works:

1. Determination of Dividend: Algoma Steel'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 Steel 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 Steel 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 Steel 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 Steel dividends paid?
Algoma Steel dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Algoma Steel 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 Steel 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 Steel 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 Steel pay dividends?
Algoma Steel 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 Steel pay dividends?
The general pattern is that Algoma Steel pays dividends around February, July, 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 Steel dividend safe?
The safety of Algoma Steel'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 Steel'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 Steel'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.