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