Algoma Central Dividends and Buybacks
Dividend criteria checks 4/6
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 | €0.760 |
| Payout ratio | 40% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: ACH's dividend payments have been volatile in the past 10 years.
Growing Dividend: ACH's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Algoma Central Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ACH) | 5.0% |
| Market Bottom 25% (DE) | 1.7% |
| Market Top 25% (DE) | 4.9% |
| Industry Average (Shipping) | 6.0% |
| Analyst forecast (ACH) (up to 3 years) | 5.0% |
Notable Dividend: ACH's dividend (5.02%) is higher than the bottom 25% of dividend payers in the German market (1.69%).
High Dividend: ACH's dividend (5.02%) is in the top 25% of dividend payers in the German market (4.87%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (40.2%), ACH's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: ACH is paying a dividend but the company has no free cash flows.