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Bullboard - Stock Discussion Forum Algoma Central Corp T.ALC

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

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... see more

TSX:ALC - Post Discussion

Algoma Central Corp > ALC Bumps the Dividend
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Post by blindpig on Jan 13, 2023 7:46pm

ALC Bumps the Dividend

The bump from $0.68 to $0.72 is nice, especially given that they are paying a $1.35 special this month.  I don't mind alc throwing specials my way every few years, however, I think it would be more productive if they bumped the dividend to $1-1.2 range, as it would attract more dividend investors and do more for the stock.
Comment by cnotes22 on Jan 15, 2023 12:49am
This post has been removed in accordance with Community Policy
Comment by Thor16 on Feb 03, 2023 7:38pm
Looks like they bought back another small tranche of stock.  Consider the dilution from the debenture conversion coming nice to see.
Comment by Thor16 on Apr 04, 2023 6:06pm
Bought back another tranche today.  Will be interesting to see if that continues throughout the year.
Comment by Thor16 on Jun 05, 2023 8:40pm
Another nice buyback