Kaiser Aluminum Co. Plans Quarterly Dividend of $0.77 (NASDAQ:KALU)

Kaiser Aluminum Co. (NASDAQ:KALU) declared a quarterly dividend on Monday, July 15th, RTT News reports. Stockholders of record on Thursday, July 25th will be given a dividend of 0.77 per share by the industrial products company on Thursday, August 15th. This represents a $3.08 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Thursday, July 25th.

Kaiser Aluminum has raised its dividend payment by an average of 4.8% per year over the last three years. Kaiser Aluminum has a dividend payout ratio of 53.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kaiser Aluminum to earn $7.45 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 41.3%.

Kaiser Aluminum Stock Performance

Kaiser Aluminum stock opened at $97.21 on Wednesday. The firm’s 50 day simple moving average is $93.04 and its 200-day simple moving average is $83.46. The company has a market cap of $1.56 billion, a P/E ratio of 28.26 and a beta of 1.35. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.66 and a quick ratio of 1.43. Kaiser Aluminum has a fifty-two week low of $53.67 and a fifty-two week high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Thursday, April 25th. The industrial products company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.44. The business had revenue of $738.00 million for the quarter, compared to the consensus estimate of $733.34 million. Kaiser Aluminum had a net margin of 1.85% and a return on equity of 8.40%. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share. As a group, equities research analysts predict that Kaiser Aluminum will post 4.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KALU shares. Benchmark lifted their target price on shares of Kaiser Aluminum from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. raised their price target on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, 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.