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

Key Points

• Alcoa declared a quarterly dividend of $0.10 per share, set to be paid on November 21st to shareholders of record on November 4th, representing an annualized yield of 1.1%.
• The company's latest earnings report revealed a loss of ($0.02) EPS, which exceeded expectations, while revenue of $3 billion was slightly below analysts' forecasts.
• Alcoa's dividend payout ratio stands at 15.5%, indicating a strong capacity to maintain its dividend, with analysts projecting future earnings per share of $3.17.

Alcoa (NYSE:AA - Get Free Report) declared a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Tuesday, November 4th will be given a dividend of 0.10 per share by the industrial products company on Friday, November 21st. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 4th.

Alcoa has a dividend payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

NYSE AA opened at $35.50 on Thursday. The company has a current ratio of 1.65, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. The business's 50 day moving average is $33.12 and its two-hundred day moving average is $29.78. Alcoa has a 12-month low of $21.53 and a 12-month high of $47.77. The stock has a market capitalization of $9.19 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 0.24 and a beta of 2.20.

Alcoa (NYSE:AA - Get Free Report) last released its earnings results on Wednesday, October 22nd. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.13. Alcoa had a return on equity of 19.18% and a net margin of 7.86%.The company had revenue of $3 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. The firm's quarterly revenue was up 3.1% on a year-over-year basis. Research analysts expect that Alcoa will post 4.43 EPS for the current year.

Alcoa Company Profile

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.

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