Kaman Co. (NYSE:KAMN) announced a quarterly dividend on Tuesday, June 4th, NASDAQ reports. Investors of record on Tuesday, June 18th will be given a dividend of 0.20 per share by the industrial products company on Thursday, July 11th. This represents a $0.80 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Monday, June 17th.

Kaman has raised its dividend payment by an average of 4.6% per year over the last three years and has increased its dividend every year for the last 4 years. Kaman has a payout ratio of 26.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Kaman to earn $3.33 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 24.0%.

KAMN traded up $0.42 on Wednesday, hitting $58.90. 818 shares of the stock were exchanged, compared to its average volume of 118,805. Kaman has a 12 month low of $51.34 and a 12 month high of $73.25. The company has a quick ratio of 1.43, a current ratio of 2.42 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 20.47 and a beta of 0.69.

Kaman (NYSE:KAMN) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.20. The firm had revenue of $457.39 million during the quarter, compared to the consensus estimate of $466.47 million. Kaman had a return on equity of 12.80% and a net margin of 2.90%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Sell-side analysts anticipate that Kaman will post 2.95 EPS for the current fiscal year.

Several research analysts have commented on the company. Zacks Investment Research raised Kaman from a “sell” rating to a “hold” rating and set a $70.00 target price for the company in a research note on Tuesday, May 7th. ValuEngine raised Kaman from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, TheStreet raised Kaman from a “c+” rating to a “b+” rating in a research note on Tuesday, March 12th.

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Kaman Company Profile

Kaman Corporation operates in the aerospace and distribution markets. The company 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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