Algoma Central (TSX:ALC) Buyback Yield % : 1.47 (As of May. 25, 2024)

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What is Algoma Central Buyback Yield %?

Buyback yield is the net repurchase of shares outstanding over the market capital of the company. It is a measure of shareholder return.

Algoma Central's current buyback yield was 1.47%.

Algoma Central Buyback Yield % Historical Data

The historical data trend for Algoma Central's Buyback Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Algoma Central Buyback Yield % Chart

Algoma Central Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Buyback Yield %

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1.63

0.05

0.06

1.53

Algoma Central Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Buyback Yield %	Get a 7-Day Free Trial															0.83	4.46	-	0.75	0.54

Competitive Comparison of Algoma Central's Buyback Yield %

For the Marine Shipping subindustry, Algoma Central's Buyback Yield %, along with its competitors' market caps and Buyback Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Algoma Central's Buyback Yield % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Algoma Central's Buyback Yield % distribution charts can be found below:

* The bar in red indicates where Algoma Central's Buyback Yield % falls into.

Algoma Central Buyback Yield % Calculation

Buyback yield is a measure of shareholder return.

Algoma Central's Buyback Yield for the fiscal year that ended in Dec. 2023 is calculated as

Buyback Yield	=	Net Issuance of Stock			/	Market Cap
	=	- (Repurchase of Stock	+	Issuance of Stock)	/	Market Cap
	=	- (-8.835	+	0)	/	577.8175
	=	1.53%

Algoma Central's annualized Buyback Yield for the quarter that ended in Mar. 2024 is calculated as

Buyback Yield	=	Net Issuance of Stock		(Annualized)			/	Market Cap
	=	- (Repurchase of Stock	+	Issuance of Stock)	*	Annualized Factor	/	Market Cap
	=	- (-0.789	+	0)	*	4	/	585.732342
	=	0.54%

In calculating the annualized quarterly data, the Repurchase of Stock and Issuance of Stock data used here is four times the quarterly (Mar. 2024) data.

Algoma Central Buyback Yield % Related Terms

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Algoma Central (TSX:ALC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Algoma Central Corp (TSX:ALC) » Definitions » Buyback Yield %

Traded in Other Exchanges

AGMJF:USA ACH:Germany

Address

63 Church Street, Suite 600, St. Catharines, ON, CAN, L2R 3C4

Website

https://www.algonet.com

Algoma Central Corp owns and operates a fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company's Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers, and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.

Executives

Mats Henrik Berglund

Director