Algoma Central Corp T.ALC

Alternate Symbol(s): AGMJF | T.ALC.DB.A

Industrials

Algoma Central Corporation is a Canada-based marine shipping company. The Company owns and operates a fleet of dry and liquid bulk carriers’, serving markets throughout the Great Lakes St. Lawrence Seaway and internationally. Its Domestic Dry-Bulk segment includes the Company’s 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.

TSX:ALC - Post by User

Algoma Central Corp

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Post by rustybladeson Jan 16, 2020 4:00pm

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Post# 30561951

9% Dividend increase today

Dividend increased from .44 to .48 per year. From the news release "Over the past three years, the Company’s quarterly common share dividend has been raised five times and increased 71%, from $0.07 per share in March 2017 to the current $0.12."

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