Hi Bruno,
Algoma Central is a bulk shipping company - specifically marine shipping. It operates Canadian flag fleet of dry and liquid bulk carriers operating on the Great Lakes. The company operates its business through six segments but generates most of its revenue from Domestic Dry-Bulk, which offers shippers within the Great Lakes, St. Lawrence Waterway and Canadian East coast regions. According to the company they have the largest, and most versatile fleet of dry-bulk carriers available today.
The company's stock hasn't done much over the past decade, but since pandemic lows it has soared and is within sstriking distance of all time highs (which it achieved back in 2015). The reason why the company's stock price has been inconsistent, is because financial performance has. Revenue was on a steady decline from 2011 to 2016 and only recently started rising. Same goes for profitability. This isn't a high growth stock - expected to grow revenue in the low single digits over the next couple of years.
GOod news is that the dividend is well covered by earnings and cash flows, and while it doesn't have a strong history of dividend growth it has at times paid some nice special dividends.
Honestly, its kinda like a bond in a way.
Mat