Algoma Steel Group (NASDAQ:ASTL) Has Announced A Dividend Of CA$0.05 [Yahoo! Finance]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: Yahoo! Finance
Based on this payment, the dividend yield will be 2.9%, which is fairly typical for the industry. See our latest analysis for Algoma Steel Group Algoma Steel Group's Dividend Is Well Covered By Earnings While it is always good to see a solid dividend yield, we should also consider whether the payment is feasible. Based on the last payment, Algoma Steel Group was earning enough to cover the dividend, but free cash flows weren't positive. We think that cash flows should take priority over earnings, so this is definitely a worry for the dividend going forward. Over the next year, EPS could expand by 71.1% if recent trends continue. Assuming the dividend continues along recent trends, we think the payout ratio could be 12% by next year, which is in a pretty sustainable range. Algoma Steel Group Is Still Building Its Track Record The dividend has been pretty stable looking back, but the company hasn't been paying one for very long. This makes it tough to judge how it would fare
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ASTL
News
- Algoma Steel Group to Participate at the Stifel Canada's 3rd Annual Summer Solstice Conference [Yahoo! Finance]Yahoo! Finance
- Algoma Steel Group to Participate at the Stifel Canada's 3rd Annual Summer Solstice Conference [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Algoma Steel Group to Participate at the Stifel Canada’s 3rd Annual Summer Solstice ConferenceGlobeNewswire
- Algoma Steel Group Full Year 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Algoma Steel Group Reports Fiscal Fourth Quarter and Full Year 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
ASTL
Earnings
- 6/20/24 - Beat
ASTL
Sec Filings
- 6/24/24 - Form 6-K
- 6/21/24 - Form 40-F
- 6/21/24 - Form 6-K
- ASTL's page on the SEC website