Algoma Steel Group (TSX:ASTL) Total Payout Yield % : 2.56 (As of May. 16, 2024)

Algoma Steel Group Total Payout Yield % Chart

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Payout Yield %	Get a 7-Day Free Trial											6.10	2.54	-	5.83	1.99

Competitive Comparison of Algoma Steel Group's Total Payout Yield %

For the Steel subindustry, Algoma Steel Group's Total Payout Yield %, along with its competitors' market caps and Total Payout 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 Steel Group's Total Payout Yield % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Algoma Steel Group's Total Payout Yield % distribution charts can be found below:

* The bar in red indicates where Algoma Steel Group's Total Payout Yield % falls into.

Algoma Steel Group Total Payout Yield % Calculation

Total Payout Yield % is a measure of shareholder return.

Algoma Steel Group's Total Payout Yield % for the fiscal year that ended in Mar. 2023 is calculated as

Algoma Steel Group's annualized Total Payout Yield % for the quarter that ended in Dec. 2023 is calculated as

* 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.

Algoma Steel Group Total Payout Yield % Explanation

Similar to Dividend Yield, Total Payout Yield % is a measurement of shareholder return. Dividends is not the only way that companies are able to distribute their excess cash back to the shareholders. The other way to distribute the cash is a stock repurchase. The stock repurchase buys back the company's own shares from the marketplace. This results in a reduced number of oustanding shares, making each share worth a greater percentage of the corporation.

Algoma Steel Group Total Payout Yield % Related Terms

Thank you for viewing the detailed overview of Algoma Steel Group's Total Payout Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.

Algoma Steel Group (TSX:ASTL) Business Description