Kaiser Aluminum Corporation (NASDAQ:KALU) announced a quarterly dividend on Friday, October 13th, Wall Street Journal reports. Stockholders of record on Wednesday, October 25th will be given a dividend of 0.50 per share by the industrial products company on Wednesday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Tuesday, October 24th.

Kaiser Aluminum Corporation (NASDAQ:KALU) traded up 0.24% during midday trading on Friday, hitting $106.54. 115,544 shares of the stock were exchanged. Kaiser Aluminum Corporation has a one year low of $69.41 and a one year high of $108.99. The company has a 50 day moving average price of $100.54 and a 200 day moving average price of $90.29. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 23.40 and a beta of 0.54.

Kaiser Aluminum Corporation (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.46. Kaiser Aluminum Corporation had a net margin of 5.87% and a return on equity of 11.71%. The business had revenue of $356.00 million for the quarter, compared to analyst estimates of $349.62 million. During the same quarter last year, the firm earned $1.02 EPS. Kaiser Aluminum Corporation’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts anticipate that Kaiser Aluminum Corporation will post $5.31 EPS for the current year.

Several research analysts recently weighed in on KALU shares. Deutsche Bank AG reissued a “buy” rating on shares of Kaiser Aluminum Corporation in a research note on Saturday, June 24th. BidaskClub lowered shares of Kaiser Aluminum Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of Kaiser Aluminum Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 14th. Bank of America Corporation lifted their price target on shares of Kaiser Aluminum Corporation from $79.00 to $85.00 and gave the company an “underperform” rating in a research note on Friday, July 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $87.00 price target (up previously from $80.00) on shares of Kaiser Aluminum Corporation in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $97.00.

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In other news, VP Del L. Miller sold 1,282 shares of Kaiser Aluminum Corporation stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $96.81, for a total value of $124,110.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mark Krouse sold 1,500 shares of Kaiser Aluminum Corporation stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $96.50, for a total transaction of $144,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,696 shares of company stock worth $2,662,349. Insiders own 3.00% of the company’s stock.

About Kaiser Aluminum Corporation

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.

Dividend History for Kaiser Aluminum Corporation (NASDAQ:KALU)

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