Kaiser Aluminum Corp. (NASDAQ:KALU) declared a quarterly dividend on Monday, July 15th, NASDAQ reports. Investors 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 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Wednesday, July 24th.

Kaiser Aluminum has increased its dividend by an average of 11.2% annually over the last three years and has raised 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. 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%.

KALU stock opened at $95.63 on Monday. The company has a quick ratio of 2.14, a current ratio of 3.29 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 14.78 and a beta of 1.03. The firm has a 50-day moving average of $94.19. Kaiser Aluminum has a 1 year low of $83.29 and a 1 year high of $119.66.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.02. The firm had revenue of $395.00 million during the quarter, compared to analysts’ expectations of $404.04 million. Kaiser Aluminum had a return on equity of 14.91% and a net margin of 5.90%. Kaiser Aluminum’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 earnings per share. On average, equities analysts anticipate that Kaiser Aluminum will post 7.18 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on KALU. ValuEngine raised XCel Brands from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, BidaskClub cut Ames National from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $108.60.

In other news, CFO Neal E. West sold 750 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $100.00, for a total value of $75,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Keith Harvey sold 1,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $97.88, for a total value of $97,880.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,050 shares of company stock valued at $1,083,105. 1.70% of the stock is owned by company insiders.

About Kaiser Aluminum

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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