Algoma Central Dividends and Buybacks
Dividend criteria checks 3/6
Algoma Central is a dividend paying company with a current yield of 5.02% that is well covered by earnings. Next payment date is on 2nd December, 2024 with an ex-dividend date of 18th November, 2024.
Key information
5.0%
Dividend yield
0.3%
Buyback Yield
| Total Shareholder Yield | 5.3% |
| Future Dividend Yield | 5.0% |
| Dividend Growth | 12.3% |
| Next dividend pay date | 02 Dec 24 |
| Ex dividend date | 18 Nov 24 |
| Dividend per share | CA$0.760 |
| Payout ratio | 40% |
Recent dividend and buyback updates
Algoma Central's (TSE:ALC) Dividend Will Be Increased To CA$0.19
Feb 13
Algoma Central (TSE:ALC) Is Increasing Its Dividend To CA$0.19
Jan 19Recent updates
Algoma Central Corporation's (TSE:ALC) CEO Compensation Is Looking A Bit Stretched At The Moment
Apr 25Algoma Central's (TSE:ALC) Dividend Will Be Increased To CA$0.19
Feb 13Algoma Central (TSE:ALC) Is Increasing Its Dividend To CA$0.19
Jan 19Algoma Central (TSE:ALC) Will Pay A Dividend Of CA$0.18
Nov 09Algoma Central (TSE:ALC) Will Pay A Dividend Of CA$0.18
May 07Algoma Central (TSE:ALC) Has Announced That It Will Be Increasing Its Dividend To CA$0.18
Jan 30Algoma Central (TSE:ALC) Has Announced That It Will Be Increasing Its Dividend To CA$0.18
Jan 16Algoma Central (TSE:ALC) Is Due To Pay A Dividend Of CA$0.17
Nov 11Algoma Central (TSE:ALC) Has Affirmed Its Dividend Of CA$0.17
Aug 11Algoma Central (TSE:ALC) Has A Pretty Healthy Balance Sheet
Jun 17Algoma Central (TSE:ALC) Has Announced A Dividend Of CA$0.17
May 08Algoma Central (TSE:ALC) Has A Somewhat Strained Balance Sheet
Jun 10When Should You Buy Algoma Central Corporation (TSE:ALC)?
Apr 12Algoma Central (TSE:ALC) Is Experiencing Growth In Returns On Capital
Mar 30Does Algoma Central Corporation (TSE:ALC) Have A Place In Your Dividend Portfolio?
Mar 17Is Algoma Central (TSE:ALC) A Risky Investment?
Mar 04Algoma Central Corporation's (TSE:ALC) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Feb 19It Might Not Be A Great Idea To Buy Algoma Central Corporation (TSE:ALC) For Its Next Dividend
Feb 06Here's What Algoma Central Corporation's (TSE:ALC) Shareholder Ownership Structure Looks Like
Feb 04Algoma Central (TSE:ALC) Long Term Shareholders are 25% In The Black
Jan 18
Is Now An Opportune Moment To Examine Algoma Central Corporation (TSE:ALC)?
Jan 03Here's Why We're Wary Of Buying Algoma Central's (TSE:ALC) For Its Upcoming Dividend
Dec 19Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: ALC's dividend payments have been volatile in the past 10 years.
Growing Dividend: ALC's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Algoma Central Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ALC) | 5.0% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (Shipping) | 5.1% |
| Analyst forecast (ALC) (up to 3 years) | 5.0% |
Notable Dividend: ALC's dividend (5.02%) is higher than the bottom 25% of dividend payers in the Canadian market (1.78%).
High Dividend: ALC's dividend (5.02%) is low compared to the top 25% of dividend payers in the Canadian market (6.15%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (40.2%), ALC's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: ALC is paying a dividend but the company has no free cash flows.