Kaman Corporation (NYSE:KAMN) declared a quarterly dividend on Tuesday, August 8th, RTT News reports. Investors of record on Tuesday, September 19th will be given a dividend of 0.20 per share by the industrial products company on Thursday, October 5th. This represents a $0.80 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Monday, September 18th.

Kaman Corporation has increased its dividend by an average of 4.0% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Kaman Corporation has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kaman Corporation to earn $2.88 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 27.8%.

Kaman Corporation (NYSE:KAMN) opened at 50.26 on Wednesday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 27.05 and a beta of 0.70. The company’s 50-day moving average is $49.69 and its 200 day moving average is $49.20. Kaman Corporation has a 1-year low of $40.85 and a 1-year high of $53.41.

Kaman Corporation (NYSE:KAMN) last announced its earnings results on Monday, July 31st. The industrial products company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.01). Kaman Corporation had a net margin of 2.95% and a return on equity of 9.24%. The company had revenue of $449.00 million during the quarter, compared to the consensus estimate of $469.24 million. During the same quarter in the previous year, the company earned $0.64 earnings per share. The business’s revenue was down 4.6% on a year-over-year basis. On average, equities analysts predict that Kaman Corporation will post $2.48 EPS for the current fiscal year.

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In related news, Director Richard J. Swift sold 2,404 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $50.70, for a total value of $121,882.80. Following the transaction, the director now directly owns 19,937 shares in the company, valued at approximately $1,010,805.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.38% of the stock is owned by company insiders.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Kaman Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub upgraded Kaman Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Northcoast Research assumed coverage on Kaman Corporation in a report on Tuesday, July 25th. They set a “buy” rating and a $60.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $54.75.

About Kaman Corporation

Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. Distribution segment is a power transmission, motion control, and fluid power industrial distributor with operations throughout the United States.

Dividend History for Kaman Corporation (NYSE:KAMN)

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