Kaiser Aluminum Corp. (KALU) Announces Quarterly Dividend of $0.30
Kaiser Aluminum Corp. (NASDAQ:KALU) declared a quarterly dividend on Wednesday, October 16th, Stock Ratings News reports. Investors of record on Friday, October 25th will be given a dividend of $0.30 per share on Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, October 23rd.
Several analysts have recently commented on the stock. Analysts at Sterne Agee upgraded shares of Kaiser Aluminum Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 19th. They now have a $80.00 price target on the stock. On the ratings front, analysts at Zacks downgraded shares of Kaiser Aluminum Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 1st. They now have a $68.80 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Kaiser Aluminum Corp. from $76.00 to $80.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock.
Kaiser Aluminum Corp. (NASDAQ:KALU) traded up 0.69% on Wednesday, hitting $72.71. The stock had a trading volume of 462,824 shares. Kaiser Aluminum Corp. has a one year low of $56.57 and a one year high of $73.17. The stock has a 50-day moving average of $71.00 and a 200-day moving average of $65.70. The company has a market cap of $1.351 billion and a price-to-earnings ratio of 15.46.
Kaiser Aluminum Corp. (NASDAQ:KALU) last announced its earnings results on Wednesday, July 24th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.94 by $0.03. The company had revenue of $328.90 million for the quarter, compared to the consensus estimate of $352.60 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts predict that Kaiser Aluminum Corp. will post $3.93 earnings per share for the current fiscal year.
In other Kaiser Aluminum Corp. news, CEO Jack A. Hockema sold 5,000 shares of the stock on the open market in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $72.52, for a total value of $362,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products.
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