Kaiser Aluminum Corporation (KALU) to Issue Quarterly Dividend of $0.77 on November 13th

Kaiser Aluminum Corporation (NASDAQ:KALU) announced a quarterly dividend on Thursday, October 8th. Investors of record on Friday, October 23rd will be paid a dividend of $0.77 per share by the industrial products company on Friday, November 13th. This represents a $3.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, October 23rd.

Kaiser Aluminum has a dividend payout ratio of 47.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kaiser Aluminum to earn $10.12 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 30.4%.

Kaiser Aluminum Trading Up 0.2%

KALU stock opened at $152.79 on Wednesday. Kaiser Aluminum has a 52-week low of $77.24 and a 52-week high of $199.89. The company has a quick ratio of 1.17, a current ratio of 2.50 and a debt-to-equity ratio of 1.10. The firm has a market cap of $2.50 billion, a P/E ratio of 11.33 and a beta of 1.59. The company’s 50-day simple moving average is $156.89 and its 200-day simple moving average is $165.19.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $2.87. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business earned $1.21 earnings per share. The company’s revenue for the quarter was up 52.7% compared to the same quarter last year. As a group, equities analysts forecast that Kaiser Aluminum will post 13.40 EPS for the current fiscal year.

About Kaiser Aluminum

Kaiser Aluminum Corporation is a producer of semi-fabricated aluminum products used by manufacturers in the aerospace and defense, automotive, industrial, and consumer products markets. The company supplies aluminum materials designed for applications that require strength, light weight, corrosion resistance, and other specialized performance characteristics.

Its product portfolio includes rolled aluminum sheet and plate, extruded products, forged components, and other fabricated aluminum products.