Alcoa (NYSE:AA) Announces Quarterly Dividend of $0.10

Alcoa (NYSE:AAGet Free Report) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Tuesday, March 10th will be given a dividend of 0.10 per share by the industrial products company on Thursday, March 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 10th.

Alcoa has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Alcoa to earn $3.17 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 12.6%.

Alcoa Stock Down 1.7%

Shares of NYSE AA traded down $1.07 during mid-day trading on Friday, reaching $62.40. 442,544 shares of the company’s stock traded hands, compared to its average volume of 8,054,051. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.45 and a quick ratio of 0.87. The business has a 50-day simple moving average of $59.56 and a 200 day simple moving average of $44.33. The stock has a market cap of $16.16 billion, a P/E ratio of 14.21 and a beta of 1.91. Alcoa has a 1-year low of $21.53 and a 1-year high of $66.95.

Alcoa (NYSE:AAGet Free Report) last announced its quarterly earnings results on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.31. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Alcoa had a net margin of 9.12% and a return on equity of 16.18%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 EPS. On average, analysts expect that Alcoa will post 4.43 EPS for the current fiscal year.

About Alcoa

(Get Free Report)

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.

Further Reading

Dividend History for Alcoa (NYSE:AA)

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