Algoma Central (TSE:ALC) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Algoma Central Corporation has announced a reduction in the conversion price of its convertible debentures to $14.10 following its second quarter dividend of $0.19 per share, which will be paid to shareholders on June 3, 2024. Known for its marine transportation services, Algoma also highlights its commitment to reducing carbon emissions, aiming for a 40% reduction by 2030 and net zero by 2050.
For further insights into TSE:ALC stock, check out TipRanks’ Stock Analysis page.