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

Key Points

• Kaiser Aluminum Corporation has announced a quarterly dividend of $0.77 per share, which is set to be paid to shareholders on November 14th, with the ex-dividend date on October 24th.
• The company has a payout ratio of 47.0%, indicating that its dividend is well-covered by earnings, and is expected to continue this trend with a projected future payout ratio of 44.6% based on anticipated earnings.
• Kaiser Aluminum's market cap is approximately $1.29 billion, and its stock has experienced a trading range with a twelve-month low of $46.81 and a high of $97.00.

Kaiser Aluminum Corporation (NASDAQ:KALU - Get Free Report) announced a quarterly dividend on Tuesday, October 14th. Shareholders of record on Friday, October 24th will be paid a dividend of 0.77 per share by the industrial products company on Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, October 24th.

Kaiser Aluminum has a payout ratio of 47.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Down 0.1%

NASDAQ KALU opened at $79.84 on Wednesday. Kaiser Aluminum has a twelve month low of $46.81 and a twelve month high of $97.00. The business's fifty day moving average is $76.68 and its 200 day moving average is $73.76. The company has a quick ratio of 1.30, a current ratio of 2.70 and a debt-to-equity ratio of 1.39. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 20.52 and a beta of 1.49.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings data on Wednesday, April 2nd. The industrial products company reported $1.21 earnings per share (EPS) for the quarter. Kaiser Aluminum had a net margin of 2.05% and a return on equity of 8.03%. The business had revenue of $765.40 million during the quarter. As a group, sell-side analysts expect that Kaiser Aluminum will post 5.14 EPS for the current fiscal year.

Institutional Trading of Kaiser Aluminum

A number of hedge funds have recently bought and sold shares of KALU. EverSource Wealth Advisors LLC increased its position in Kaiser Aluminum by 475.0% in the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company's stock worth $33,000 after buying an additional 342 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Kaiser Aluminum in the second quarter worth $44,000. Tower Research Capital LLC TRC boosted its position in shares of Kaiser Aluminum by 130.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company's stock valued at $48,000 after acquiring an additional 343 shares during the last quarter. CWM LLC grew its stake in Kaiser Aluminum by 136.3% in the 2nd quarter. CWM LLC now owns 1,616 shares of the industrial products company's stock worth $129,000 after buying an additional 932 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Kaiser Aluminum by 50.3% in the second quarter. BNP Paribas Financial Markets now owns 1,748 shares of the industrial products company's stock valued at $140,000 after acquiring an additional 585 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.

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