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

Kaiser Aluminum Co. (NASDAQ:KALU - Get Free Report) declared a quarterly dividend on Tuesday, April 15th, RTT News reports. Investors of record on Friday, April 25th will be given a dividend of 0.77 per share by the industrial products company on Thursday, May 15th. This represents a $3.08 annualized dividend and a yield of 5.72%. The ex-dividend date of this dividend is Friday, April 25th.

Kaiser Aluminum has increased its dividend payment by an average of 1.7% per year over the last three years. Kaiser Aluminum has a payout ratio of 50.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

KALU traded down $0.59 on Friday, reaching $53.86. 138,335 shares of the company's stock were exchanged, compared to its average volume of 138,340. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. The stock's fifty day moving average price is $64.14 and its 200-day moving average price is $71.04. Kaiser Aluminum has a twelve month low of $46.81 and a twelve month high of $102.42. The stock has a market cap of $867.15 million, a PE ratio of 18.77 and a beta of 1.32.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). The company had revenue of $765.40 million during the quarter, compared to analyst estimates of $752.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. During the same period in the prior year, the business posted $0.60 EPS. Sell-side analysts expect that Kaiser Aluminum will post 5.14 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KALU shares. StockNews.com upgraded shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Friday. Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th.

About Kaiser Aluminum

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.