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 | US$0.548 |
| Payout ratio | 40% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: AGMJ.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: AGMJ.F's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Algoma Central Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (AGMJ.F) | 5.0% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.4% |
| Industry Average (Shipping) | 5.1% |
| Analyst forecast (AGMJ.F) (up to 3 years) | 5.0% |
Notable Dividend: AGMJ.F's dividend (5.02%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: AGMJ.F's dividend (5.02%) is in the top 25% of dividend payers in the US market (4.38%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (40.2%), AGMJ.F's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: AGMJ.F is paying a dividend but the company has no free cash flows.