Algoma Central Corp. announced that the board of directors of the corporation has authorized payment of a quarterly dividend to shareholders of $0.07 per common share. The dividend is payable on March 1, 2013 to shareholders of record on February 15, 2013.

This dividend represents a 17% increase of $0.01 per share to the post split quarterly dividend of $0.06 paid by the Corporation in December 2012.