Kaman Corporation to Issue Quarterly Dividend of $0.20 (KAMN)

Kaman Corporation (NYSE:KAMN) declared a quarterly dividend on Tuesday, November 14th, RTT News reports. Shareholders of record on Tuesday, December 19th will be paid a dividend of 0.20 per share by the industrial products company on Thursday, January 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.41%.

Kaman Corporation has raised its dividend payment by an average of 4.0% annually over the last three years and has raised its dividend every year for the last 2 years. Kaman Corporation has a payout ratio of 34.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kaman Corporation to earn $2.75 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 29.1%.

Shares of Kaman Corporation (NYSE:KAMN) traded up $0.36 during trading on Wednesday, hitting $56.59. The company’s stock had a trading volume of 85,600 shares, compared to its average volume of 171,905. Kaman Corporation has a one year low of $45.50 and a one year high of $57.11. The stock has a market cap of $1,564.04, a price-to-earnings ratio of 28.84 and a beta of 0.73. The company has a current ratio of 2.85, a quick ratio of 1.35 and a debt-to-equity ratio of 0.64.

Kaman Corporation (NYSE:KAMN) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. The business had revenue of $447.00 million for the quarter, compared to analyst estimates of $461.06 million. Kaman Corporation had a return on equity of 9.30% and a net margin of 2.90%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. analysts forecast that Kaman Corporation will post 2.34 EPS for the current fiscal year.

KAMN has been the topic of several research reports. BidaskClub raised Kaman Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 21st. Zacks Investment Research lowered Kaman Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Finally, Northcoast Research began coverage on Kaman Corporation in a report on Tuesday, July 25th. They issued a “buy” rating and a $60.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $56.67.

In other news, Director E Reeves Callaway III sold 2,697 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $56.41, for a total transaction of $152,137.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.38% of the stock is owned by company insiders.

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About Kaman Corporation

Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. Distribution segment is a power transmission, motion control, and fluid power industrial distributor with operations throughout the United States.

Dividend History for Kaman Corporation (NYSE:KAMN)

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