Kaiser Aluminum Co. (KALU) to Issue Quarterly Dividend of $0.77 on May 15th

Kaiser Aluminum Co. (NASDAQ:KALU) declared 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 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date of this dividend is Friday, April 25th.

Kaiser Aluminum has increased its dividend payment by an average of 1.7% annually over the last three years. Kaiser Aluminum has a dividend payout ratio of 54.4% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Shares of KALU opened at $54.45 on Thursday. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The firm’s fifty day simple moving average is $64.91 and its two-hundred day simple moving average is $71.31. Kaiser Aluminum has a 12 month low of $46.81 and a 12 month high of $102.42. The stock has a market capitalization of $876.65 million, a P/E ratio of 18.97 and a beta of 1.32.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wolfe Research upgraded shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research report on Friday, April 11th. StockNews.com downgraded Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th.

About Kaiser Aluminum

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.