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

Kaiser Aluminum Co. (NASDAQ:KALU) announced a quarterly dividend on Tuesday, January 14th,RTT News reports. Shareholders of record on Friday, January 24th will be given a dividend of 0.77 per share by the industrial products company on Friday, February 14th. This represents a $3.08 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Friday, January 24th.

Kaiser Aluminum has raised its dividend payment by an average of 2.3% per year over the last three years. Kaiser Aluminum has a dividend payout ratio of 42.8% meaning 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 Price Performance

KALU stock opened at $73.42 on Thursday. The company has a market capitalization of $1.18 billion, a P/E ratio of 25.40 and a beta of 1.35. The company has a fifty day moving average price of $76.85 and a 200-day moving average price of $76.20. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.60. Kaiser Aluminum has a 52-week low of $59.52 and a 52-week high of $102.42.

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

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.