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

Algoma Steel Group Inc. (TSE:ASTL) declared a quarterly dividend on Wednesday, November 27th,TickerTech Dividends reports. Stockholders of record on Friday, December 27th will be paid a dividend of 0.05 per share on Friday, December 27th. This represents a $0.20 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, November 27th.

Algoma Steel Group Stock Performance

Algoma Steel Group stock opened at C$15.49 on Tuesday. The company has a market cap of C$1.61 billion, a PE ratio of -70.41 and a beta of 1.50. The company has a current ratio of 4.19, a quick ratio of 1.51 and a debt-to-equity ratio of 40.70. Algoma Steel Group has a 1 year low of C$9.16 and a 1 year high of C$16.83. The company’s 50-day moving average is C$14.36 and its two-hundred day moving average is C$12.48.

Insider Buying and Selling at Algoma Steel Group

In other Algoma Steel Group news, Director David Daniel Sgro sold 6,845 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of C$10.06, for a total transaction of C$68,842.90. Also, Director Michael Allan Mcquade sold 36,260 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$13.80, for a total transaction of C$500,388.00. Corporate insiders own 7.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. BMO Capital Markets upped their price objective on Algoma Steel Group from C$13.00 to C$15.00 in a report on Thursday, August 15th. Stifel Nicolaus upped their price target on Algoma Steel Group from C$20.00 to C$22.00 in a research note on Friday.

About Algoma Steel Group

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.