Algoma Central Corp T.ALC

Are we expecting..

[Castortroy2020]

Any special dividend this year?

[Thor16]

Really good question.  They have the cash to pay one.  Even after fairly substantial investments both short and medium term.  Purely a guess however I suspect they keep the cash to either call the debentures or enact a SIB post June 2024 dilution depending on conversion.  Keeping in mind if they pay a special it reasonably guarantees the debentures will be converted.  It

[Tim2Agami]

Instead, it appears the cash is being used to reinvigorate the steady (end-of-month) buyback program after a pause in July, August and September October  10,830 @ 14.47 November 27,095 @ 14.63 December  31,295 @ 15.04 A warming climate may begin to extend the shipping seasons on the Seaway/ Great Lakes -- enough in the long run to make up for the summer's strike of 2023. https

[Thor16]

Good, as there may very well be an additional ~4.5 million shares issued shortly :) Between the recent capex (fleet investment in new ships and JV) and potential dilution event I don't know what the appetite to pay much cash out would be.  FCF numbers in the annual report will be telling.  Maybe a 1 penny raise in the quarterly however I don't know that I'd except or want

[Thor16]

The quarterly should be announced this week.  Anywhere between Monday and Friday.

[Thor16]

It has been announced. 6% increase. .19 per quarter. 

[Investorguy1234]

Hardly seems like much of a buyback program if it is only 55,000 shares.