Kaiser Aluminum Corporation (NASDAQ:KALU) Plans Quarterly Dividend of $0.77

Kaiser Aluminum Corporation (NASDAQ:KALU) declared a quarterly dividend on Monday, July 13th. Stockholders of record on Friday, July 24th will be given a dividend of 0.77 per share by the industrial products company on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, July 24th.

Kaiser Aluminum has increased its dividend payment by an average of 0.0%annually over the last three years. Kaiser Aluminum has a dividend payout ratio of 47.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kaiser Aluminum to earn $9.41 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 32.7%.

Kaiser Aluminum Stock Performance

NASDAQ:KALU opened at $158.28 on Tuesday. The company has a current ratio of 2.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.28. Kaiser Aluminum has a 12-month low of $71.44 and a 12-month high of $195.96. The stock has a 50-day moving average price of $178.55 and a 200 day moving average price of $148.12. The stock has a market capitalization of $2.59 billion, a P/E ratio of 17.24 and a beta of 1.59.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $1.78. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $948.50 million. During the same period in the previous year, the firm earned $1.44 EPS. The firm’s revenue was up 42.4% compared to the same quarter last year. Equities research analysts forecast that Kaiser Aluminum will post 8.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KALU. Wells Fargo & Company reiterated an “underweight” rating and set a $158.00 price objective on shares of Kaiser Aluminum in a research report on Thursday, July 9th. JPMorgan Chase & Co. restated an “underweight” rating and set a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. KeyCorp raised their target price on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kaiser Aluminum has a consensus rating of “Hold” and an average price target of $165.50.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a U.S.-based producer of semi‐fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company’s offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high‐value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.

Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.