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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-27 | $0.05 | quarterly | 2024-12-27 |
2024-08-23 | $0.05 | quarterly | 2024-09-27 |
2024-07-02 | $0.05 | quarterly | 2024-07-19 |
2024-02-28 | $0.05 | quarterly | 2024-03-28 |
2023-11-29 | $0.05 | quarterly | 2023-12-29 |
2023-08-24 | $0.05 | quarterly | 2023-09-29 |
2023-07-04 | $0.05 | quarterly | 2023-07-24 |
2023-02-27 | $0.05 | quarterly | 2023-03-31 |
2022-11-30 | $0.05 | quarterly | 2022-12-30 |
2022-08-30 | $0.05 | quarterly | 2022-09-30 |
2022-06-24 | $0.05 | quarterly | 2022-07-15 |
2022-02-25 | $0.05 | quarterly | 2022-03-31 |
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
Algoma Steel Dividend FAQ
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.
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.
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.
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.
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.