KEMET Co. (NYSE:KEM) announced a quarterly dividend on Thursday, August 1st, RTT News reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.05 per share by the electronics maker on Monday, August 26th. This represents a $0.20 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Wednesday, August 14th.

KEMET has a dividend payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KEMET to earn $2.76 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 7.2%.

KEM opened at $19.21 on Tuesday. The company has a market capitalization of $1.13 billion, a PE ratio of 5.70 and a beta of 2.52. KEMET has a 1-year low of $15.55 and a 1-year high of $26.96. The company has a 50 day simple moving average of $19.44. The company has a quick ratio of 1.55, a current ratio of 2.49 and a debt-to-equity ratio of 0.42.

KEMET (NYSE:KEM) last issued its earnings results on Thursday, August 1st. The electronics maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.67 by $0.11. The firm had revenue of $345.20 million during the quarter, compared to analysts’ expectations of $343.72 million. KEMET had a return on equity of 36.26% and a net margin of 15.12%. KEMET’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share. Equities research analysts anticipate that KEMET will post 2.65 EPS for the current fiscal year.

Several research analysts recently commented on the company. B. Riley raised their target price on KEMET from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Zacks Investment Research raised KEMET from a “sell” rating to a “hold” rating in a research report on Friday. Finally, ValuEngine cut KEMET from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

In other news, VP Shignori Oyama sold 3,102 shares of KEMET stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $16.88, for a total transaction of $52,361.76. Following the transaction, the vice president now owns 142,473 shares in the company, valued at approximately $2,404,944.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ronald James Assaf sold 3,334 shares of KEMET stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $19.21, for a total value of $64,046.14. Following the transaction, the senior vice president now owns 59,277 shares in the company, valued at approximately $1,138,711.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,104 shares of company stock valued at $249,468. 1.76% of the stock is currently owned by corporate insiders.

KEMET Company Profile

KEMET Corporation manufactures and sells passive electronic components under the KEMET brand worldwide. The company operates in three segments: Solid Capacitors, Film and Electrolytic; and Electro-Magnetic, Sensors, and Actuators. It offers tantalum, aluminum polymer, and ceramic capacitors; film, paper, and wet aluminum electrolytic capacitors; electromagnetic interference filters; and electro-magnetic compatible materials and devices, piezo materials and actuators, and various types of sensors.

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