Kaiser Aluminum Corporation (NASDAQ:KALU) Declares $0.77 Quarterly Dividend

Kaiser Aluminum Corporation (NASDAQ:KALU) announced a quarterly dividend on Tuesday, January 13th. Stockholders of record on Friday, January 23rd will be paid a dividend of 0.77 per share by the industrial products company on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, January 23rd.

Kaiser Aluminum has increased its dividend by an average of 0.1%per year over the last three years. Kaiser Aluminum has a dividend payout ratio of 47.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kaiser Aluminum to earn $6.90 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 44.6%.

Kaiser Aluminum Stock Down 0.3%

Shares of NASDAQ KALU opened at $126.39 on Wednesday. Kaiser Aluminum has a 12-month low of $46.81 and a 12-month high of $127.62. The firm’s 50-day simple moving average is $106.21 and its 200 day simple moving average is $89.67. The company has a quick ratio of 1.08, a current ratio of 2.48 and a debt-to-equity ratio of 1.29. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 22.86 and a beta of 1.44.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, October 22nd. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $1.06. Kaiser Aluminum had a net margin of 2.85% and a return on equity of 10.67%. The company had revenue of $843.50 million during the quarter, compared to the consensus estimate of $908.00 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. On average, research analysts expect that Kaiser Aluminum will post 5.14 earnings per share for the current fiscal year.

Insider Transactions at Kaiser Aluminum

In other news, EVP Blain Tiffany sold 8,656 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $93.92, for a total value of $812,971.52. Following the completion of the sale, the executive vice president directly owned 26,275 shares of the company’s stock, valued at $2,467,748. This represents a 24.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Dakota Wealth Management acquired a new stake in Kaiser Aluminum in the fourth quarter worth $560,000. Trust Point Inc. bought a new stake in shares of Kaiser Aluminum in the 4th quarter valued at $292,000. Synergy Asset Management LLC acquired a new stake in Kaiser Aluminum during the 4th quarter worth $283,000. DAVENPORT & Co LLC bought a new position in Kaiser Aluminum during the fourth quarter worth about $291,000. Finally, SG Americas Securities LLC grew its stake in Kaiser Aluminum by 42.7% in the fourth quarter. SG Americas Securities LLC now owns 6,474 shares of the industrial products company’s stock valued at $744,000 after acquiring an additional 1,938 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

About Kaiser Aluminum

Kaiser Aluminum Corporation is a U.S.-based producer of semi‐fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company’s offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high‐value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.

Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.