Kaiser Aluminum Corporation (NASDAQ:KALU) Announces $0.77 Quarterly Dividend

Key Points

• $0.77 quarterly dividend announced; shareholders of record on April 24 will be paid on May 15, representing an annualized $3.08 dividend and a yield of about 2.1%.
• The dividend appears well covered with a payout ratio of 47%, and analysts' earnings expectations (about $6.90 next year) imply a future payout ratio near 44.6%, suggesting sustainability.
• Kaiser trades around $143 (52‑week range $52.53–$150), has a market cap of $2.32B and a PE of 21.15, and carries a consensus analyst rating of Moderate Buy with a $107.67 price target.

Kaiser Aluminum Corporation (NASDAQ:KALU - Get Free Report) announced a quarterly dividend on Monday, April 13th. Shareholders of record on Friday, April 24th will be paid a dividend of 0.77 per share by the industrial products company on Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, April 24th.

Kaiser Aluminum has increased its dividend by an average of 0.0%annually over the last three years. Kaiser Aluminum has a payout ratio of 47.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kaiser Aluminum to earn $6.90 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 44.6%.

Kaiser Aluminum Price Performance

Shares of Kaiser Aluminum stock opened at $143.42 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.95 and a quick ratio of 1.26. Kaiser Aluminum has a fifty-two week low of $52.53 and a fifty-two week high of $150.00. The firm has a fifty day moving average price of $128.86 and a two-hundred day moving average price of $111.72. The company has a market cap of $2.32 billion, a PE ratio of 21.15 and a beta of 1.39.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.03). Kaiser Aluminum had a net margin of 3.34% and a return on equity of 12.69%. The company had revenue of $929.00 million during the quarter, compared to the consensus estimate of $902.00 million. During the same period last year, the company earned $0.33 earnings per share. Kaiser Aluminum's revenue for the quarter was up 21.4% on a year-over-year basis. Analysts expect that Kaiser Aluminum will post 5.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Kaiser Aluminum from $118.00 to $124.00 and gave the stock a "neutral" rating in a report on Monday, February 23rd. Wells Fargo & Company raised their price objective on shares of Kaiser Aluminum from $120.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday, February 20th. Wall Street Zen downgraded shares of Kaiser Aluminum from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 21st. Weiss Ratings downgraded shares of Kaiser Aluminum from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, April 6th. Finally, Zacks Research raised shares of Kaiser Aluminum from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.67.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a U.S.-based producer of semi‐fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company's offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high‐value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.

Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.

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