Kaiser Aluminum Co. (KALU) to Issue Quarterly Dividend of $0.77 on February 14th

Kaiser Aluminum Co. (NASDAQ:KALU) announced a quarterly dividend on Monday, January 13th,RTT News reports. Shareholders of record on Friday, January 24th will be paid a dividend of 0.77 per share by the industrial products company on Friday, February 14th. This represents a $3.08 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Friday, January 24th.

Kaiser Aluminum has raised its dividend by an average of 2.3% per year over the last three years. Kaiser Aluminum has a dividend payout ratio of 42.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kaiser Aluminum to earn $5.45 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 56.5%.

Kaiser Aluminum Price Performance

Shares of KALU stock opened at $72.60 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56. Kaiser Aluminum has a 12-month low of $60.71 and a 12-month high of $102.42. The firm has a fifty day moving average of $75.77 and a 200-day moving average of $75.65. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 25.12 and a beta of 1.35.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.16). The business had revenue of $748.00 million during the quarter, compared to analyst estimates of $793.30 million. Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. On average, equities research analysts forecast that Kaiser Aluminum will post 2.63 earnings per share for the current year.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.