Alcoa (AA) to Issue Quarterly Dividend of $0.10 on March 26th

Alcoa (NYSE:AA) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Tuesday, March 10th will be given a dividend of 0.10 per share by the industrial products company on Thursday, March 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 10th.

Alcoa has a dividend payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Alcoa to earn $3.17 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 12.6%.

Alcoa Trading Down 2.3%

Shares of Alcoa stock opened at $62.00 on Friday. The stock has a market cap of $16.06 billion, a PE ratio of 14.03 and a beta of 1.91. The firm has a fifty day moving average price of $59.78 and a 200 day moving average price of $44.56. Alcoa has a 1 year low of $21.53 and a 1 year high of $66.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.45 and a quick ratio of 0.87.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.31. The company had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $3.28 billion. Alcoa had a return on equity of 16.18% and a net margin of 9.12%.The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. Equities research analysts predict that Alcoa will post 4.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AA shares. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 price target (up from $45.00) on shares of Alcoa in a research report on Thursday, January 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Alcoa in a research note on Friday, January 23rd. UBS Group boosted their target price on shares of Alcoa from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Citigroup increased their price target on shares of Alcoa from $42.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, Wells Fargo & Company dropped their price target on shares of Alcoa from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $48.25.

Alcoa Company Profile

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.