Kaiser Aluminum Co. (NASDAQ:KALU) to Issue $0.77 Quarterly Dividend

Kaiser Aluminum Co. (NASDAQ:KALU) announced a quarterly dividend on Tuesday, April 15th, RTT News reports. Investors of record on Friday, April 25th will be paid a dividend of 0.77 per share by the industrial products company on Thursday, May 15th. This represents a $3.08 annualized dividend and a yield of 5.64%.

Kaiser Aluminum has raised its dividend payment by an average of 1.7% annually over the last three years. Kaiser Aluminum has a payout ratio of 54.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kaiser Aluminum to earn $6.90 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 44.6%.

Kaiser Aluminum Stock Down 0.7 %

Shares of KALU traded down $0.41 during trading hours on Tuesday, reaching $54.61. The company’s stock had a trading volume of 192,997 shares, compared to its average volume of 138,924. The company has a 50 day moving average of $65.57 and a two-hundred day moving average of $71.54. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. The firm has a market cap of $879.22 million, a price-to-earnings ratio of 19.03 and a beta of 1.32. Kaiser Aluminum has a 1-year low of $46.81 and a 1-year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The company had revenue of $765.40 million during the quarter, compared to analysts’ expectations of $752.00 million. During the same quarter in the previous year, the company earned $0.60 EPS. As a group, research analysts predict that Kaiser Aluminum will post 5.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on KALU shares. Wolfe Research raised shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research report on Friday. StockNews.com downgraded shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th.

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.