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

Kaiser Aluminum Co. (NASDAQ:KALU) announced a quarterly dividend on Tuesday, January 14th,RTT News reports. Stockholders of record on Friday, January 24th will be paid a dividend of 0.77 per share by the industrial products company on Friday, February 14th. This represents a $3.08 annualized dividend and a dividend yield of 4.25%.

Kaiser Aluminum has increased its dividend payment by an average of 2.3% per year over the last three years. Kaiser Aluminum has a payout ratio of 42.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kaiser Aluminum to earn $5.45 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 56.5%.

Kaiser Aluminum Trading Up 1.1 %

Shares of Kaiser Aluminum stock traded up $0.82 on Tuesday, reaching $72.53. 67,558 shares of the company were exchanged, compared to its average volume of 94,232. The stock has a fifty day moving average price of $76.97 and a 200-day moving average price of $76.31. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 25.10 and a beta of 1.35. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. Kaiser Aluminum has a fifty-two week low of $59.52 and a fifty-two week high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.16). The firm had revenue of $748.00 million during the quarter, compared to analyst estimates of $793.30 million. Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 earnings per share. On average, analysts expect that Kaiser Aluminum will post 2.63 EPS for the current year.

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.