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

Algoma Steel Group Inc. (NASDAQ:ASTLGet Free Report) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Wednesday, November 27th will be given a dividend of 0.05 per share on Friday, December 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Wednesday, November 27th.

Algoma Steel Group Price Performance

Algoma Steel Group stock traded down $0.01 during mid-day trading on Friday, reaching $12.00. The company had a trading volume of 84,604 shares, compared to its average volume of 576,055. The business has a fifty day simple moving average of $10.19 and a 200 day simple moving average of $8.83. The company has a market cap of $1.25 billion, a P/E ratio of -9.46 and a beta of 1.49. Algoma Steel Group has a fifty-two week low of $6.67 and a fifty-two week high of $12.14. The company has a current ratio of 4.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.39.

Algoma Steel Group (NASDAQ:ASTLGet Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.04. Algoma Steel Group had a negative net margin of 0.72% and a negative return on equity of 1.23%. The firm had revenue of $475.44 million during the quarter, compared to the consensus estimate of $444.32 million. On average, equities research analysts predict that Algoma Steel Group will post -0.58 earnings per share for the current year.

Algoma Steel Group Company Profile

(Get Free Report)

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; 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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Dividend History for Algoma Steel Group (NASDAQ:ASTL)

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