Algoma Central (TSX:ALC) Buyback Yield % : 0.31 (As of Dec. 15, 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 0.31%.

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
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Buyback Yield %	Get a 7-Day Free Trial															-	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 Sep. 2024 is calculated as

Buyback Yield	=	Net Issuance of Stock		(Annualized)			/	Market Cap
	=	- (Repurchase of Stock	+	Issuance of Stock)	*	Annualized Factor	/	Market Cap
	=	- (0	+	0)	*	4	/	601.620474
	=	0.00%

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

Algoma Central Buyback Yield % Related Terms

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Algoma Central Business Description

Industry

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

Comparable Companies

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 which generates key revenue, 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

Christopher Lazarz	Senior Officer
Jens Grønning	Director
Mats Henrik Berglund	Director
Eric Arthur Stevenson	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Clive Rowe	Director
Gregg Ruhl	Senior Officer