Algoma Steel Group Inc. (NASDAQ:ASTL) Announces $0.05 Quarterly Dividend

Algoma Steel Group Inc. (NASDAQ:ASTL) declared a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Shareholders of record on Wednesday, November 27th will be given a dividend of 0.05 per share on Friday, December 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Wednesday, November 27th.

Algoma Steel Group Trading Down 1.7 %

Shares of Algoma Steel Group stock opened at $11.07 on Tuesday. The company’s 50-day moving average price is $10.41 and its 200-day moving average price is $9.14. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -8.72 and a beta of 1.49. Algoma Steel Group has a 12-month low of $6.67 and a 12-month high of $12.14. The company has a current ratio of 3.31, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42.

About Algoma Steel Group

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.