Kaiser Aluminum Corporation (NASDAQ:KALU) Shares to Pay Quarterly Dividend of $0.77

Kaiser Aluminum Corporation (NASDAQ:KALU) declared a quarterly dividend on Tuesday, October 13th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.77 per share by the industrial products company on Friday, November 13th. This represents a $3.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, October 23rd.

Kaiser Aluminum has a dividend payout ratio of 47.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kaiser Aluminum to earn $10.12 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 30.4%.

Kaiser Aluminum Stock Up 0.9%

NASDAQ:KALU opened at $151.81 on Wednesday. Kaiser Aluminum has a 52 week low of $77.24 and a 52 week high of $199.89. The stock’s fifty day moving average is $160.24 and its two-hundred day moving average is $164.13. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 11.25 and a beta of 1.59. The company has a quick ratio of 1.17, a current ratio of 2.50 and a debt-to-equity ratio of 1.10.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $2.87. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Kaiser Aluminum had a return on equity of 24.71% and a net margin of 5.49%. The company’s revenue was up 52.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.21 earnings per share. Research analysts anticipate that Kaiser Aluminum will post 13.40 EPS for the current year.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a manufacturer of semi-fabricated aluminum products serving customers in the aerospace, automotive, industrial, packaging, and other end markets. The company produces engineered aluminum products designed for applications that require characteristics such as strength, light weight, corrosion resistance, and thermal conductivity.

Its product portfolio includes rolled aluminum sheet and plate, extruded products, forged components, and other specialty products.