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

Kaiser Aluminum Corporation (NASDAQ:KALU) announced a quarterly dividend on Tuesday, January 13th. Stockholders of record on Friday, January 23rd will be paid a dividend of 0.77 per share by the industrial products company on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, January 23rd.

Kaiser Aluminum has increased its dividend by an average of 0.1%per year over the last three years. Kaiser Aluminum has a dividend payout ratio of 47.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kaiser Aluminum to earn $6.90 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 44.6%.

Kaiser Aluminum Price Performance

NASDAQ KALU opened at $126.39 on Wednesday. Kaiser Aluminum has a 1 year low of $46.81 and a 1 year high of $127.62. The company has a fifty day simple moving average of $106.21 and a 200 day simple moving average of $89.67. The company has a current ratio of 2.48, a quick ratio of 1.08 and a debt-to-equity ratio of 1.29. The company has a market cap of $2.05 billion, a P/E ratio of 22.86 and a beta of 1.44.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, October 22nd. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $1.06. The firm had revenue of $843.50 million during the quarter, compared to analyst estimates of $908.00 million. Kaiser Aluminum had a net margin of 2.85% and a return on equity of 10.67%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, sell-side analysts predict that Kaiser Aluminum will post 5.14 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Blain Tiffany sold 8,656 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $93.92, for a total value of $812,971.52. Following the sale, the executive vice president directly owned 26,275 shares in the company, valued at approximately $2,467,748. This represents a 24.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Institutional Trading of Kaiser Aluminum

Several institutional investors have recently bought and sold shares of KALU. First Horizon Corp acquired a new position in Kaiser Aluminum during the third quarter worth $27,000. Hantz Financial Services Inc. lifted its holdings in Kaiser Aluminum by 340.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 289 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Kaiser Aluminum by 475.0% in the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock valued at $33,000 after buying an additional 342 shares in the last quarter. Quantbot Technologies LP bought a new stake in Kaiser Aluminum during the second quarter worth about $44,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Kaiser Aluminum by 130.9% during the second quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock worth $48,000 after buying an additional 343 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

About Kaiser Aluminum

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.