Kaman Co. (NYSE:KAMN) declared a quarterly dividend on Tuesday, November 13th, RTT News reports. Stockholders of record on Tuesday, December 18th will be given a dividend of 0.20 per share by the industrial products company on Thursday, January 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.40%.

Kaman has raised its dividend by an average of 6.8% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Kaman has a payout ratio of 26.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kaman to earn $3.70 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 21.6%.

Shares of KAMN traded down $0.51 on Tuesday, reaching $57.19. 132,341 shares of the company’s stock traded hands, compared to its average volume of 163,982. The company has a current ratio of 2.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 25.65 and a beta of 0.73. Kaman has a 52-week low of $55.14 and a 52-week high of $75.08.

Kaman (NYSE:KAMN) last issued its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.10). The business had revenue of $443.06 million for the quarter, compared to analysts’ expectations of $471.01 million. Kaman had a net margin of 2.40% and a return on equity of 11.10%. The business’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 earnings per share. As a group, equities research analysts predict that Kaman will post 2.59 earnings per share for the current year.

In other Kaman news, CEO Neal J. Keating purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was bought at an average cost of $59.04 per share, with a total value of $236,160.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.38% of the company’s stock.

A number of brokerages recently commented on KAMN. ValuEngine downgraded Kaman from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised Kaman from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th.

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Kaman Company Profile

Kaman Corporation operates in the aerospace and distribution markets. It operates through two segments, Distribution and Aerospace. The Distribution segment distributes electro-mechanical products; bearings; and power transmission, motion control, and electrical and fluid power components, as well as offers value-added services.

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Dividend History for Kaman (NYSE:KAMN)

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