Stocks in play: Algoma Central Corp
Today announced that the Company’s Board of Directors authorized payment of a quarterly dividend to shareholders of $0.18 per common share. This $0.18 common share dividend represents a 6% increase from the $0.17 per share dividend paid on December 1, 2022. Since 2018, Algoma’s quarterly dividend has doubled and the Company has paid Special Dividends totaling $4.75 per share. Algoma Central Corp shares T.ALC are trading up $0.17 at $16.20.
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