Kaiser Aluminum Corp. (NASDAQ:KALU) declared a quarterly dividend on Monday, July 15th, NASDAQ reports. Stockholders of record on Thursday, July 25th will be paid a dividend of 0.60 per share by the industrial products company on Thursday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, July 24th.

Kaiser Aluminum has raised its dividend payment by an average of 11.2% annually over the last three years and has increased its dividend every year for the last 7 years. Kaiser Aluminum has a dividend payout ratio of 36.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kaiser Aluminum to earn $7.78 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 30.8%.

Shares of Kaiser Aluminum stock opened at $96.31 on Tuesday. Kaiser Aluminum has a 52 week low of $83.29 and a 52 week high of $119.66. The company has a fifty day simple moving average of $94.59. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 14.89 and a beta of 1.03. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.50.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.02. Kaiser Aluminum had a return on equity of 14.91% and a net margin of 5.90%. The business had revenue of $395.00 million for the quarter, compared to analyst estimates of $404.04 million. During the same quarter in the prior year, the company posted $1.60 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, research analysts expect that Kaiser Aluminum will post 7.18 earnings per share for the current year.

In related news, COO Keith Harvey sold 1,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $94.94, for a total transaction of $94,940.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Malcolm Donnan sold 5,000 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $100.00, for a total value of $500,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,050 shares of company stock worth $1,083,105. 1.70% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the company. ValuEngine raised XCel Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. BidaskClub lowered Ames National from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Finally, Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $108.60.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.

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Dividend History for Kaiser Aluminum (NASDAQ:KALU)

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