Kaiser Aluminum Co. (NASDAQ:KALU – Get Free Report) declared a quarterly dividend on Tuesday, April 15th, RTT News reports. Shareholders of record on Friday, April 25th will be given 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 increased its dividend payment 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. Equities 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 Trading Down 0.7 %
NASDAQ KALU opened at $54.61 on Wednesday. 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 fifty day simple moving average of $65.24 and a 200 day simple moving average of $71.42. Kaiser Aluminum has a 12 month low of $46.81 and a 12 month high of $102.42. The firm has a market capitalization of $879.22 million, a P/E ratio of 19.03 and a beta of 1.32.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on KALU. Wolfe Research raised shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a report on Friday, April 11th. StockNews.com downgraded shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th.
Check Out Our Latest Research Report on Kaiser Aluminum
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.
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