Alcoa Announces Quarterly Dividend of $0.10 (NYSE:AA)

Alcoa (NYSE:AA) announced a quarterly dividend on Thursday, July 30th. Investors of record on Tuesday, August 11th will be given a dividend of 0.10 per share by the industrial products company on Thursday, August 27th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, August 11th.

Alcoa has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Alcoa to earn $5.81 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 6.9%.

Alcoa Stock Performance

Shares of AA stock opened at $44.94 on Friday. The business’s 50-day moving average price is $57.96 and its 200-day moving average price is $61.61. Alcoa has a 12 month low of $28.11 and a 12 month high of $84.38. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.48 and a beta of 1.63.

Alcoa (NYSE:AA) last posted its earnings results on Thursday, July 16th. The industrial products company reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.13). The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. Alcoa had a return on equity of 18.90% and a net margin of 9.48%.During the same period in the previous year, the firm earned $0.39 earnings per share. Equities research analysts forecast that Alcoa will post 6.55 EPS for the current year.

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.