Alcoa (AA) to Issue Quarterly Dividend of $0.10 on November 21st

Alcoa (NYSE:AA) announced a quarterly dividend on Wednesday, October 22nd. Investors of record on Tuesday, November 4th will be given a dividend of 0.10 per share by the industrial products company on Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, November 4th.

Alcoa has a dividend payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Alcoa to earn $3.17 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 12.6%.

Alcoa Trading Down 0.0%

Alcoa stock opened at $36.76 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.56 and a quick ratio of 0.91. Alcoa has a one year low of $21.53 and a one year high of $47.77. The stock has a market capitalization of $9.52 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 0.21 and a beta of 2.20. The business’s fifty day moving average is $34.29 and its 200 day moving average is $30.56.

Alcoa (NYSE:AA) last released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.13. Alcoa had a return on equity of 15.85% and a net margin of 8.91%.The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the firm posted $0.57 earnings per share. Alcoa’s revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts predict that Alcoa will post 4.43 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AA. Norges Bank bought a new position in shares of Alcoa in the second quarter worth about $97,933,000. L1 Capital Pty Ltd raised its stake in Alcoa by 178.8% during the 2nd quarter. L1 Capital Pty Ltd now owns 4,814,342 shares of the industrial products company’s stock valued at $142,071,000 after purchasing an additional 3,087,298 shares during the period. Dimensional Fund Advisors LP raised its stake in Alcoa by 33.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,803,086 shares of the industrial products company’s stock valued at $207,490,000 after purchasing an additional 1,721,222 shares during the period. Drummond Knight Asset Management Pty Ltd bought a new stake in Alcoa during the 2nd quarter valued at approximately $44,893,000. Finally, Assenagon Asset Management S.A. bought a new stake in Alcoa during the 2nd quarter valued at approximately $44,151,000. Institutional investors own 82.39% of the company’s stock.

Alcoa Company Profile

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.