Algoma Steel Group Inc. (TSE:ASTL) to Issue $0.05 Quarterly Dividend

by · The Markets Daily

Algoma Steel Group Inc. (TSE:ASTL – Get Free Report) declared a quarterly dividend on Friday, March 21st, TickerTech Dividends reports. Investors of record on Thursday, April 10th will be given a dividend of 0.05 per share on Thursday, April 10th. This represents a $0.20 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Friday, March 21st.

Algoma Steel Group Trading Up 0.3 %

ASTL opened at C$9.08 on Wednesday. Algoma Steel Group has a one year low of C$7.54 and a one year high of C$16.83. The stock has a market capitalization of C$943.14 million, a PE ratio of -6.23 and a beta of 1.50. The business’s 50 day moving average price is C$11.06 and its 200 day moving average price is C$13.12. The company has a debt-to-equity ratio of 43.70, a quick ratio of 1.51 and a current ratio of 3.31.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus decreased their price objective on Algoma Steel Group from C$21.00 to C$15.25 and set a “buy” rating on the stock in a report on Friday, March 14th.

Get Our Latest Analysis on Algoma Steel Group

Algoma Steel Group Company Profile

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Algoma Steel Group Inc produces and sells steel products primarily in North America. The company 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.

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