Algoma Steel Group Inc. (TSE:ASTL) to Issue Quarterly Dividend of $0.05

Algoma Steel Group Inc. (TSE:ASTLGet Rating) declared a quarterly dividend on Friday, June 24th, TickerTech reports. Shareholders of record on Friday, July 15th will be given a dividend of 0.05 per share on Friday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, June 24th.

Shares of ASTL stock traded down C$0.13 during trading on Thursday, reaching C$12.01. 360,714 shares of the company’s stock were exchanged, compared to its average volume of 127,581. The company has a quick ratio of 1.01, a current ratio of 1.75 and a debt-to-equity ratio of 11.46. The stock has a market capitalization of C$1.76 billion and a PE ratio of 1.80. Algoma Steel Group has a twelve month low of C$10.04 and a twelve month high of C$17.27. The firm’s fifty day moving average price is C$12.04 and its 200-day moving average price is C$12.43.

Separately, BMO Capital Markets decreased their target price on Algoma Steel Group from C$23.00 to C$18.00 in a report on Thursday, May 19th.

Algoma Steel Group Company Profile (Get Rating)

Algoma Steel Group Inc produces and sells steel products primarily in North America. It provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled, floor plate, and cut-to-length products for the automotive industry; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.

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