Algoma Central Lifts Quarterly Dividend by 5% as Payout More Than Doubles Since 2018

Algoma Central ( (TSE:ALC) ) has provided an update.

Algoma Central Corporation announced that its board has approved a quarterly dividend of $0.21 per common share, payable on March 2, 2026 to shareholders of record as of February 13, 2026. The new payout represents a 5% increase from the prior $0.20 dividend and continues a long-term trend of rising shareholder returns, with the company’s quarterly dividend having more than doubled since 2018, underscoring management’s confidence in its marine transportation business and its commitment to returning capital to investors.

The most recent analyst rating on (TSE:ALC) stock is a Hold with a C$20.50 price target. To see the full list of analyst forecasts on Algoma Central stock, see the TSE:ALC Stock Forecast page.

Spark’s Take on TSE:ALC Stock

According to Spark, TipRanks’ AI Analyst, TSE:ALC is a Outperform.

Algoma Central’s stock is supported by strong financial performance and attractive valuation. The main risks are related to cash flow management and potential short-term technical corrections due to overbought conditions. The absence of recent earnings call data limits insights into management’s outlook.

To see Spark’s full report on TSE:ALC stock, click here.

More about Algoma Central

Algoma Central Corporation is a global marine transportation company that owns and operates dry and liquid bulk carriers serving critical industries across the Great Lakes–St. Lawrence region and international markets. The company focuses on fuel-efficient vessels, innovative technologies, and high service standards to drive productivity, support economic growth, and strengthen the communities in which it operates.

Average Trading Volume: 6,598

Technical Sentiment Signal: Buy

Current Market Cap: C$798M

For a thorough assessment of ALC stock, go to TipRanks’ Stock Analysis page.