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

Kaiser Aluminum Co. (NASDAQ:KALU) declared a quarterly dividend on Tuesday, April 15th, RTT News reports. Stockholders of record on Friday, April 25th will be paid a dividend of 0.77 per share by the industrial products company on Thursday, May 15th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.64%.

Kaiser Aluminum has raised its dividend by an average of 1.7% per year over the last three years. Kaiser Aluminum has a dividend payout ratio of 54.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kaiser Aluminum to earn $6.90 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 44.6%.

Kaiser Aluminum Price Performance

KALU stock traded down $0.41 during trading on Tuesday, hitting $54.61. The company had a trading volume of 192,997 shares, compared to its average volume of 138,924. The firm has a market capitalization of $879.22 million, a price-to-earnings ratio of 19.03 and a beta of 1.32. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The business has a 50 day moving average of $65.57 and a 200 day moving average of $71.54. Kaiser Aluminum has a fifty-two week low of $46.81 and a fifty-two week high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The firm had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. During the same period in the previous year, the firm earned $0.60 EPS. As a group, research analysts predict that Kaiser Aluminum will post 5.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KALU has been the topic of several research reports. Wolfe Research upgraded shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research report on Friday. StockNews.com lowered shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th.

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.