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

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 paid 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 dividend yield of 4.25%.

Kaiser Aluminum has raised its dividend by an average of 2.3% per year over the last three years. Kaiser Aluminum has a payout ratio of 42.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of KALU stock traded up $0.82 during mid-day trading on Tuesday, reaching $72.53. The stock had a trading volume of 67,558 shares, compared to its average volume of 94,232. Kaiser Aluminum has a one year low of $59.52 and a one year high of $102.42. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56. The firm’s 50 day simple moving average is $76.97 and its 200 day simple moving average is $76.31. The firm has a market cap of $1.17 billion, a PE ratio of 25.10 and a beta of 1.35.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $793.30 million. During the same period in the previous year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts forecast 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.