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

Algoma Steel Group Inc. (NASDAQ:ASTL) declared a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Stockholders of record on Friday, March 21st will be paid a dividend of 0.05 per share on Thursday, April 10th. This represents a $0.20 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Friday, March 21st.

Algoma Steel Group Price Performance

Shares of NASDAQ:ASTL opened at $6.24 on Friday. The firm’s 50 day moving average price is $7.84 and its 200-day moving average price is $9.43. Algoma Steel Group has a twelve month low of $5.20 and a twelve month high of $12.14. The company has a quick ratio of 1.66, a current ratio of 3.31 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $654.48 million, a PE ratio of -4.91 and a beta of 1.48.

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.