Algoma Central Hikes its Quarterly Dividend by 48%; Declares CA$1.00 per Share Special Dividend
MT newswire2026/10/07 16:2312:23 PM EDT, 10/07/2026 (MT Newswires) -- Algoma Central's (ALC.TO) traded at a 52-week high early Wednesday as its board of directors hiked its regular quarterly dividend by CA$0.10 per share to CA$0.31 and declared a CA$1.00 special dividend, it said Wednesday. The higher quarterly dividend will be paid on Dec. 1, to shareholders of record at the close of business on Nov. 17. The special dividend will be paid on Oct. 21, to shareholders of record at the close of business on Oct. 15. "The increase in our regular dividend, together with the special dividend announced today, enables us to provide a meaningful return to shareholders while continuing to invest in the future of our business," chief executive Gregg Ruhl said. Shares of the company were last seen up CA$2.74, or 11% , to CA$26.64, a 52-week high, on the Toronto Stock Exchange. Price: 26.68, Change: +2.78, Percent Change: +11.63
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