Kaiser Aluminum Co. (NASDAQ:KALU – Get Free Report) announced a quarterly dividend on Tuesday, October 15th, Zacks reports. Shareholders of record on Friday, October 25th will be given a dividend of 0.77 per share by the industrial products company on Friday, November 15th. This represents a $3.08 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Friday, October 25th.
Kaiser Aluminum has increased its dividend by an average of 4.8% per year over the last three years. Kaiser Aluminum has a payout ratio of 53.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Kaiser Aluminum to earn $7.03 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 43.8%.
Kaiser Aluminum Price Performance
KALU stock opened at $72.09 on Thursday. Kaiser Aluminum has a 1 year low of $53.67 and a 1 year high of $102.42. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.55 and a quick ratio of 1.42. The firm has a market capitalization of $1.16 billion, a PE ratio of 20.96 and a beta of 1.33. The business has a 50 day simple moving average of $70.90 and a 200-day simple moving average of $83.90.
Analysts Set New Price Targets
Separately, Benchmark boosted their target price on shares of Kaiser Aluminum from $84.00 to $100.00 and gave the company a “buy” rating in a report on Friday, July 12th.
Get Our Latest Analysis on Kaiser Aluminum
Insiders Place Their Bets
In related news, CEO Keith Harvey purchased 2,588 shares of Kaiser Aluminum stock in a transaction dated Monday, July 29th. The shares were acquired at an average cost of $77.23 per share, with a total value of $199,871.24. Following the purchase, the chief executive officer now owns 103,550 shares of the company’s stock, valued at approximately $7,997,166.50. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.
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.
Featured Stories
- Five stocks we like better than Kaiser Aluminum
- What does consumer price index measure?
- Should Warren Buffett’s Favorite Stock be Yours Too?
- What is the Euro STOXX 50 Index?
- Why Buffett Loves Occidental Stock And What It Means for Chevron
- Investing in Construction Stocks
- UnitedHealth Group Pulls Back Into a Healthy Buying Opportunity
Receive News & Ratings for Kaiser Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaiser Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.