Kaiser Aluminum Corp. Plans Quarterly Dividend of $0.35 (KALU)
Kaiser Aluminum Corp. (NASDAQ:KALU) declared a quarterly dividend on Wednesday, January 15th, Analyst Ratings Net reports. Investors of record on Friday, January 24th will be given a dividend of 0.35 per share on Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, January 22nd. This is an increase from Kaiser Aluminum Corp.’s previous quarterly dividend of $0.30.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Kaiser Aluminum Corp. from $75.00 to $80.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. On the ratings front, analysts at Zacks upgraded shares of Kaiser Aluminum Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, December 23rd. They now have a $69.60 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Kaiser Aluminum Corp. in a research note to investors on Friday, December 13th. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $75.15.
Kaiser Aluminum Corp. (NASDAQ:KALU) traded up 1.91% on Wednesday, hitting $69.52. The stock had a trading volume of 338,464 shares. Kaiser Aluminum Corp. has a 52-week low of $57.67 and a 52-week high of $73.47. The stock has a 50-day moving average of $68.73 and a 200-day moving average of $68.09. The company has a market cap of $1.288 billion and a price-to-earnings ratio of 15.19.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products.
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