Last C$16.00 CAD
Change Today -0.10 / -0.62%
Volume 16.9K
As of 3:15 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

algoma central corp (ALC) Snapshot

Open
C$16.00
Previous Close
C$16.10
Day High
C$16.06
Day Low
C$16.00
52 Week High
12/9/13 - C$17.18
52 Week Low
08/26/13 - C$13.70
Market Cap
622.6M
Average Volume 10 Days
5.4K
EPS TTM
C$1.02
Shares Outstanding
38.9M
EX-Date
08/15/14
P/E TM
15.7x
Dividend
C$0.28
Dividend Yield
1.75%
Current Stock Chart for ALGOMA CENTRAL CORP (ALC)

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algoma central corp (ALC) Details

Algoma Central Corporation owns and operates a fleet of dry-bulk carriers and product tankers operating on the Great Lakes-St. Lawrence Waterway. The company operates in four segments; Domestic Dry-Bulk, Product Tankers, Ocean Shipping, and Real Estate. The Domestic Dry-Bulk segment owns and manages 18 self-unloading carriers and 6 gearless bulk carriers in the Great Lakes, St. Lawrence Seaway, and Atlantic Canada to carry various dry bulk products, such as grain, coal and coke, iron ore, salt, and aggregates. This segment also offers ship repair and steel fabrication services. The Product Tankers segment operates seven Canadian flagged tanker vessels to carry petroleum products on the Great Lakes, the St. Lawrence Seaway and Atlantic Canada regions; and one product tanker operates in international markets. The Ocean Shipping segment owns two ocean-going dry-bulk self-unloading vessels; and holds interests in four other self-unloading vessels that trade worldwide. The Real Estate segment is involved in the development, rental, and management of a shopping centre, commercial plazas, a hotel, office buildings, and an apartment building in Sault Ste. Catharines and Waterloo, Ontario. The company was formerly known as Algoma Central Railway and changed its name to Algoma Central Corporation in 1990. Algoma Central Corporation was founded in 1899 and is headquartered in Sault Ste. Marie, Canada.

Founded in 1899

algoma central corp (ALC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$454.3K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$232.8K
Senior Vice President of Commercial
Total Annual Compensation: C$266.8K
Senior Vice President of Technical
Total Annual Compensation: C$266.8K
Vice President of Real Estate
Total Annual Compensation: C$212.5K
Compensation as of Fiscal Year 2013.

algoma central corp (ALC) Key Developments

Algoma Central Corp., Q2 2014 Earnings Call, Aug 07, 2014

Algoma Central Corp., Q2 2014 Earnings Call, Aug 07, 2014

Algoma Central Corporation Announces Quarterly Cash Dividend, Payable on September 2, 2014

The board of directors of Algoma Central Corporation has authorized payment of a quarterly cash dividend to shareholders of $0.07 per common share. The cash dividend is payable on September 2, 2014 to shareholders of record on August 19, 2014.

Algoma Central Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Algoma Central Corporation reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenues were $138,333 compared to $144,930 for the same period in 2013. Increases in the Ocean Shipping and Real Estate segments were more than offset by reductions in the Domestic Dry-Bulk and Product Tankers segments related to the delayed start and difficult operating conditions at the beginning of the 2014 navigation season. Net earnings and basic earnings per share were $14,946 and $0.38, respectively, compared to $19,381 and $0.50, respectively, for the same period last year. The lower net earnings were driven by the lower segment earnings. For the six months, revenues were $190,071 compared to $195,687 for the first six months of 2013. The decrease was driven by the domestic fleets as a result of fewer domestic dry-bulk and domestic tanker operating days during the winter months in 2014, and a slower start to their respective seasons this year. The net loss and basic loss per share were $6,920 and $0.18, respectively, compared to $9,254 and $0.24, respectively, for the same period last year. The net loss for 2014 includes a lower net gain on foreign currency translation of $1,705 compared to $2,797 for the same period in 2013.

 

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