Algoma Central Corporation Increases Quarterly Dividend and Declares Special Dividend

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Postmedia has not reviewed the content. by Business Wire Algoma Central Corporation Increases Quarterly Dividend and Declares Special DividendAuthor of the article:ST. CATHARINES, Ontario — Algoma Central Corporation (“Algoma”, the “Company”) (TSX: ALC) today announced that its Board of Directors (the “Board”) has increased the Company’s regular quarterly dividend by $0.10 per common share, or approximately 48%, to $0.31 per common share from $0.21 per common share. The Board has also declared a special dividend of $1.00 per common share.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe regular quarterly dividend of $0.31 per common share will be paid on December 1, 2026, to shareholders of record at the close of business on November 17, 2026.This advertisement has not loaded yet, but your article continues below.In addition, the special dividend of $1.00 per common share will be paid on October 21, 2026, to shareholders of record at the close of business on October 15, 2026.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“Increasing our regular quarterly dividend demonstrates our confidence in Algoma’s business and our outlook for the future,” said Gregg Ruhl, President and CEO of Algoma Central Corporation. “We continue to strengthen Algoma through disciplined investments, positioning the Company for sustainable long-term growth. 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.”“The increase in our regular dividend reflects our approach to capital allocation,” said Christopher Lazarz, Chief Financial Officer of Algoma Central Corporation. “Together with the special dividend, we believe it strikes an appropriate balance between returning capital to shareholders and maintaining the financial flexibility to pursue our strategic priorities.”Both the regular quarterly dividend and the special dividend are designated as eligible dividends for Canadian income tax purposes.About Algoma Central Corporation Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes – St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly isYour Marine Carrier of Choice™View source version on businesswire.com: Algoma Central CorporationChristopher A.L. Lazarz, CPA, CAAlgoma Central CorporationThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.