Algoma Central (Algoma Central) Dividend Payout Ratio : 0.25 (As of Dec. 2023)

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What is Algoma Central Dividend Payout Ratio?

Algoma Central's dividend payout ratio for the months ended in Dec. 2023 was 0.25.

The historical rank and industry rank for Algoma Central's Dividend Payout Ratio or its related term are showing as below:

AGMJF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.42 Max: 1.14
Current: 0.42

During the past 13 years, the highest Dividend Payout Ratio of Algoma Central was 1.14. The lowest was 0.26. And the median was 0.42.

AGMJF's Dividend Payout Ratio is ranked worse than
50.76% of 526 companies
in the Transportation industry
Industry Median: 0.41 vs AGMJF: 0.42

As of today (2024-04-27), the Dividend Yield % of Algoma Central is 5.04%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Algoma Central was 5.13%. The lowest was 1.58%. And the median was 2.86%.

Algoma Central's Dividends per Share for the months ended in Dec. 2023 was $0.13.

During the past 12 months, Algoma Central's average Dividends Per Share Growth Rate was 5.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 12.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 15.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Algoma Central was 20.40% per year. The lowest was 1.90% per year. And the median was 11.80% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Algoma Central Dividend Payout Ratio Historical Data

The historical data trend for Algoma Central's Dividend Payout Ratio 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.

* Premium members only.

Algoma Central Dividend Payout Ratio Chart

Algoma Central Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.63

0.47

0.34

0.28

0.36

Algoma Central Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.19	-	0.25	0.21	0.25

Competitive Comparison of Algoma Central's Dividend Payout Ratio

For the Marine Shipping subindustry, Algoma Central's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Algoma Central's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Algoma Central's Dividend Payout Ratio falls into.

Algoma Central Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Algoma Central's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.537	/	1.491
	=	0.36

Algoma Central's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.134	/	0.532
	=	0.25

Algoma Central (OTCPK:AGMJF) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Algoma Central Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Algoma Central's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Algoma Central (Algoma Central) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Algoma Central Corp (OTCPK:AGMJF) » Definitions » Dividend Payout Ratio

Traded in Other Exchanges

ACH:Germany ALC:Canada

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.