Algoma Steel Group (TSX:ASTL) Dividend Payout Ratio

: 0.00 (As of Dec. 2023)

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Algoma Steel Group's dividend payout ratio for the months ended in Dec. 2023 was 0.00.

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

TSX:ASTL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.61
Current: 0.61

During the past 4 years, the highest Dividend Payout Ratio of Algoma Steel Group was 0.61. The lowest was 0.01. And the median was 0.11.

TSX:ASTL's Dividend Payout Ratio is ranked worse than
77.89% of 303 companies
in the Steel industry
Industry Median: 0.29 vs TSX:ASTL: 0.61

As of today (2024-04-19), the Dividend Yield % of Algoma Steel Group is 2.47%.

During the past 4 years, the highest Trailing Annual Dividend Yield of Algoma Steel Group was 3.06%. The lowest was 0.43%. And the median was 2.40%.

Algoma Steel Group's Dividends per Share for the months ended in Dec. 2023 was C$0.07.

During the past 12 months, Algoma Steel Group's average Dividends Per Share Growth Rate was 3.40% per year.

The growth rate is calculated with least square regression.

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

Algoma Steel Group Dividend Payout Ratio Historical Data

The historical data trend for Algoma Steel Group'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 Steel Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Dividend Payout Ratio

0.01

0.22

Algoma Steel Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio												-	-	0.08	0.39	-

Competitive Comparison

For the Steel subindustry, Algoma Steel Group'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 Steel Group Dividend Payout Ratio Distribution

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

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

Algoma Steel Group Dividend Payout Ratio Calculation

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

Algoma Steel Group's Dividend Payout Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2023 )	/	EPS without NRI (A: Mar. 2023 )
	=	0.266	/	1.199
	=	0.22

Algoma Steel Group'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 )
	=	0.068	/	-0.449
	=	N/A

Algoma Steel Group (TSX:ASTL) 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 Steel Group Dividend Payout Ratio Related Terms

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Algoma Steel Group (TSX:ASTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Algoma Steel Group Inc (TSX:ASTL) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

ASTL:USA 9ZY:Germany

Address

105 West Street, Sault Ste., Marie, ON, CAN, P6A 7B4

Website

https://www.algoma.com

Algoma Steel Group Inc is a Canadian company engaged in the production of clean and consistent light gauge steel. The company offers a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The Company's revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from domestic sales. The company generates the majority of its revenue from the sale of Steel sheets and strips.