Algoma Central Corporation

ALC

CA0156441077

Marine Freight & Logistics

Market Closed - Toronto S.E. Other stock markets 15:59:59 2024-07-05 EDT			5-day change	1st Jan Change
14.15 ^CAD	+0.14%		-0.35%	-5.35%

05-23	Algoma Central Brief: Adds convertible debentures have a maturity date of June 30, 2024; Q2 Dividend will be paid on June 3, 2024 to shareholders of record on May 17, 2024	MT
05-23	Algoma Central Brief: Says Following Q2 dividend of $0.19 per common share, an adjustment has been made to Conversion Price of Convertible Debentures, reducing it to $14.10	MT

Algoma Central Corporation : announces 31% increase in quarterly dividend

January 18, 2021 at 10:38 am

Algoma Central Corporation ('Algoma' or 'the Company') (TSX: ALC), a leading provider of marine transportation services, today announced that the Company's Board of Directors authorized payment of a quarterly dividend to shareholders of $0.17 per common share.

This $0.17 per share dividend represents a 31% increase from the $0.13 dividend paid on December 1, 2020 and is payable on March 1, 2021 to shareholders of record on February 15, 2021.

About Algoma Central

Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates a diversified portfolio of dry-bulk fleets serving customers internationally.

Contact:

Gregg A. Ruhl

Tel: 905-687-7890

Latest news about Algoma Central Corporation

Algoma Central Brief: Adds convertible debentures have a maturity date of June 30, 2024; Q2 Dividend will be paid on June 3, 2024 to shareholders of record on May 17, 2024	05-23	MT
Algoma Central Brief: Says Following Q2 dividend of $0.19 per common share, an adjustment has been made to Conversion Price of Convertible Debentures, reducing it to $14.10	05-23	MT
Algoma Central Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	05-01	CI
Algoma Central Corporation Announces Quarterly Dividend, Payable on June 3, 2024	05-01	CI
Algoma Central Reports Renewal of Normal Course Issue Bid	03-19	MT
Algoma Central Brief: Announcing Renewal of Normal Course Issue Bid	03-19	MT
Algoma Central Corporation announces an Equity Buyback for 1,975,857 shares, representing 5% of its issued share capital.	03-19	CI
Algoma Central Corporation authorizes a Buyback Plan.	03-18	CI
Algoma Central Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	02-26	CI
Algoma Central Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	02-26	CI
North American Morning Briefing : Traders Await Inflation Data This Week	02-26	DJ
Tranche Update on Algoma Central Corporation's Equity Buyback Plan announced on March 20, 2023.	02-25	CI
Algoma Central Acquires 2 Additional Vessels	01-18	MT
Algoma Central Corporation Continues to Grow Product Tanker Business with the Acquisition of Two Additional Vessels	01-18	CI
Algoma Central Brief: Says continues to grow product tanker business with Acquisition of two additional vessels	01-18	MT
Algoma Central Announcing 6% Increase In Quarterly Dividend	01-15	MT
Algoma Central Corporation Announces Quarterly Dividend, Payable on March 1, 2024	01-15	CI
Algoma Central Brief: Announcing 6% Increase In Quarterly Dividend	01-15	MT
Electra Battery Materials Appoints 30-year Finance Veteran as CFO and Providing Financing Update	12-29	MT
Algoma Central Brief: On St. Lawrence Seaway Strike, Says "Full impact of the closure is unknown as we are in the process of assessing the repercussions of the delays"	11-03	MT
Algoma Central Brief: Q3 Revenues C$205.9 Million Vs $199.327 Million a Year Earlier	11-03	MT
Tranche Update on Algoma Central Corporation's Equity Buyback Plan announced on March 20, 2023.	11-03	CI
Algoma Central Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	11-03	CI
Algoma Central Corporation Approves Quarterly Dividend to Be Paid on December 1, 2023	11-03	CI
Algoma Central, Furetank Co-Order Two Additional Newbuilds	23-09-14	MT

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Company Profile

Algoma Central Corporation is a Canada-based marine shipping company. The Company owns and operates a fleet of dry and liquid bulk carriersâ, serving markets throughout the Great Lakes St. Lawrence Seaway and internationally. Its Domestic Dry-Bulk segment includes the Companyâs 18 Canadian dry-bulk carriers. This segment serves industrial sectors, including iron and steel producers, aggregate producers, cement and building material producers, salt producers and agricultural product distributors. The Product Tankers segment fleet consist of seven product tankers employed in Canadian flag service and one international tanker operating in Canada. Its Ocean Self-Unloaders segment consists of eight ocean-going self-unloading vessels and a 25% interest in a ninth selfunloader. Its Global Short Sea Shipping segment, which consists of the Company's NovaAlgoma joint ventures, focuses on niche marine transportation markets featuring specialized equipment or services.

Sector

Marine Freight & Logistics

Calendar

2024-08-01 - Q2 2024 Earnings Release (Projected)

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