Alcoa (NYSE:AA) Declares $0.10 Quarterly Dividend

Alcoa (NYSE:AA) declared a quarterly dividend on Thursday, July 30th. Investors of record on Tuesday, August 11th will be paid a dividend of 0.10 per share by the industrial products company on Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, August 11th.

Alcoa has a payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Alcoa to earn $5.81 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.9%.

Alcoa Trading Up 4.8%

NYSE AA opened at $44.94 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $57.96 and a 200 day simple moving average of $61.61. Alcoa has a 12 month low of $28.11 and a 12 month high of $84.38. The firm has a market capitalization of $11.86 billion, a P/E ratio of 9.25, a PEG ratio of 0.48 and a beta of 1.63.

Alcoa (NYSE:AA) last announced its earnings results on Thursday, July 16th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.13). The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Alcoa had a net margin of 9.48% and a return on equity of 18.90%. During the same period in the prior year, the business earned $0.39 earnings per share. On average, analysts predict that Alcoa will post 6.55 EPS for the current fiscal year.

Alcoa Company Profile

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.