Kaiser Aluminum Corp. Plans Quarterly Dividend of $0.60 (NASDAQ:KALU)

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Kaiser Aluminum Corp. (NASDAQ:KALU) declared a quarterly dividend on Tuesday, October 15th, Zacks reports. Shareholders of record on Friday, October 25th will be paid a dividend of 0.60 per share by the industrial products company on Friday, November 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, October 24th.

Shares of NASDAQ KALU traded up $1.40 during trading on Thursday, reaching $98.83. The company had a trading volume of 1,203 shares, compared to its average volume of 123,720. Kaiser Aluminum has a 52 week low of $83.29 and a 52 week high of $114.99. The stock has a market cap of $1.57 billion, a PE ratio of 15.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.34 and a current ratio of 3.63. The business’s 50 day moving average price is $95.90 and its 200-day moving average price is $96.10.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.07. Kaiser Aluminum had a net margin of 5.96% and a return on equity of 14.23%. The company had revenue of $375.00 million during the quarter, compared to the consensus estimate of $388.25 million. During the same period in the previous year, the firm posted $1.68 earnings per share. The company’s revenue was down 9.6% on a year-over-year basis. Equities analysts anticipate that Kaiser Aluminum will post 7.24 earnings per share for the current year.

In other news, Director Carolyn Bartholomew sold 1,000 shares of Kaiser Aluminum stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the completion of the sale, the director now owns 14,530 shares in the company, valued at approximately $1,380,350. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jack A. Hockema sold 12,500 shares of Kaiser Aluminum stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $95.96, for a total transaction of $1,199,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,350 shares of company stock valued at $3,153,460. 1.70% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub upgraded shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. Zacks Investment Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research report on Saturday, October 12th. Finally, Goldman Sachs Group upgraded shares of Kaiser Aluminum from a “sell” rating to a “neutral” rating and set a $97.00 price target for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $109.67.

About Kaiser Aluminum

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.

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Dividend History for Kaiser Aluminum (NASDAQ:KALU)

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