Kaiser Aluminum Corp. (KALU) Announces Quarterly Dividend of $0.55
Kaiser Aluminum Corp. (NASDAQ:KALU) announced a quarterly dividend on Wednesday, January 17th, Wall Street Journal reports. Investors of record on Friday, January 26th will be paid a dividend of 0.55 per share by the industrial products company on Thursday, February 15th. This represents a $2.20 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, January 25th. This is a positive change from Kaiser Aluminum’s previous quarterly dividend of $0.50.
Shares of Kaiser Aluminum (KALU) traded down $2.19 during trading on Wednesday, hitting $110.22. 129,300 shares of the company traded hands, compared to its average volume of 94,640. The company has a current ratio of 3.75, a quick ratio of 2.55 and a debt-to-equity ratio of 0.47. Kaiser Aluminum has a one year low of $74.56 and a one year high of $113.99. The company has a market capitalization of $1,920.00, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.32 and a beta of 0.54.
Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.19). Kaiser Aluminum had a return on equity of 11.45% and a net margin of 6.18%. The business had revenue of $332.80 million during the quarter, compared to the consensus estimate of $335.37 million. During the same period in the prior year, the firm earned $1.02 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. equities research analysts anticipate that Kaiser Aluminum will post 5.03 EPS for the current year.
Several brokerages recently weighed in on KALU. Zacks Investment Research cut shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 29th. Cowen set a $97.00 price objective on shares of Kaiser Aluminum and gave the stock a “hold” rating in a research note on Thursday, October 12th. Deutsche Bank cut shares of Kaiser Aluminum from a “buy” rating to a “hold” rating and set a $104.00 price target on the stock. in a research report on Tuesday, October 17th. Finally, Morgan Stanley upped their price target on shares of Kaiser Aluminum from $87.00 to $101.00 and gave the company an “equal weight” rating in a research report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Kaiser Aluminum presently has an average rating of “Hold” and a consensus price target of $101.29.
About Kaiser Aluminum
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.
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