Kaiser Aluminum Corporation (NASDAQ:KALU) to Issue $0.77 Quarterly Dividend

Kaiser Aluminum Corporation (NASDAQ:KALU) declared a quarterly dividend on Tuesday, January 13th. Shareholders of record on Friday, January 23rd will be given a dividend of 0.77 per share by the industrial products company on Friday, February 13th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, January 23rd.

Kaiser Aluminum has increased its dividend payment by an average of 0.1%per year over the last three years. Kaiser Aluminum has a payout ratio of 47.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kaiser Aluminum to earn $6.90 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 44.6%.

Kaiser Aluminum Stock Performance

KALU stock traded up $1.28 during midday trading on Wednesday, hitting $127.67. 6,128 shares of the company traded hands, compared to its average volume of 174,222. Kaiser Aluminum has a twelve month low of $46.81 and a twelve month high of $128.51. The company has a quick ratio of 1.08, a current ratio of 2.48 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 23.00 and a beta of 1.44. The business has a 50 day simple moving average of $106.21 and a 200-day simple moving average of $89.67.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $1.06. The firm had revenue of $843.50 million during the quarter, compared to analyst estimates of $908.00 million. Kaiser Aluminum had a net margin of 2.85% and a return on equity of 10.67%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. As a group, equities research analysts predict that Kaiser Aluminum will post 5.14 earnings per share for the current year.

Insider Buying and Selling at Kaiser Aluminum

In other Kaiser Aluminum news, EVP Blain Tiffany sold 8,656 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $93.92, for a total value of $812,971.52. Following the sale, the executive vice president owned 26,275 shares in the company, valued at $2,467,748. This trade represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in Kaiser Aluminum by 212.6% during the first quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock worth $352,000 after acquiring an additional 3,955 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Kaiser Aluminum in the 1st quarter valued at approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Kaiser Aluminum by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock worth $575,000 after purchasing an additional 397 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Kaiser Aluminum by 2.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,971 shares of the industrial products company’s stock valued at $2,544,000 after acquiring an additional 1,084 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Kaiser Aluminum by 323.6% during the first quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock worth $3,346,000 after purchasing an additional 42,160 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

About Kaiser Aluminum

Kaiser Aluminum Corporation is a U.S.-based producer of semi‐fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company’s offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high‐value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.

Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.