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

Algoma Steel Group Inc. (NASDAQ:ASTL) announced a quarterly dividend on Thursday, June 20th, Zacks reports. Investors of record on Tuesday, July 2nd will be paid a dividend of 0.05 per share on Friday, July 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Tuesday, July 2nd.

Algoma Steel Group Trading Up 0.6 %

Shares of ASTL stock opened at $6.96 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.98 and a current ratio of 2.88. Algoma Steel Group has a 52-week low of $6.34 and a 52-week high of $10.25. The company has a market capitalization of $724.68 million, a PE ratio of 22.45 and a beta of 1.51. The business’s fifty day moving average is $7.60 and its 200 day moving average is $8.23.

Algoma Steel Group (NASDAQ:ASTL) last released its quarterly earnings results on Saturday, June 22nd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. Algoma Steel Group had a return on equity of 6.97% and a net margin of 3.81%. The business had revenue of $460.35 million for the quarter, compared to the consensus estimate of $439.82 million. During the same quarter last year, the business posted ($0.14) earnings per share. On average, equities research analysts anticipate that Algoma Steel Group will post -0.25 EPS for the current fiscal year.

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.