Alcoa (AA) to Issue Quarterly Dividend of $0.10 on November 13th

Alcoa (NYSE:AA) announced a quarterly dividend on Thursday, October 15th. Investors of record on Tuesday, October 27th will be paid a dividend of $0.10 per share by the industrial products company on Friday, November 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, October 27th.

Alcoa has a dividend payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Alcoa to earn $5.71 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.0%.

Alcoa Stock Down 1.9%

AA opened at $37.96 on Friday. Alcoa has a 12 month low of $35.12 and a 12 month high of $84.38. The company has a market cap of $10.02 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74. The company has a current ratio of 2.31, a quick ratio of 1.66 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average of $45.78 and a 200 day moving average of $55.03.

Alcoa (NYSE:AA) last issued its earnings results on Thursday, October 15th. The industrial products company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.31. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Alcoa had a net margin of 10.77% and a return on equity of 24.58%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS. On average, sell-side analysts expect that Alcoa will post 6.70 EPS for the current year.

Alcoa Company Profile

Alcoa Corporation (NYSE:AA) is a global producer of bauxite, alumina and aluminum. Its operations span the aluminum value chain, including bauxite mining, alumina refining, aluminum smelting, casting and the production of value-added aluminum products. These materials serve customers in industries such as transportation, building and construction, packaging, aerospace and industrial manufacturing.

The company operates across multiple regions, with assets and activities in North America, South America, Europe, Australia and other international markets.