Kennametal Inc. (NYSE:KMT) Shares to Pay Quarterly Dividend of $0.20

Kennametal Inc. (NYSE:KMT) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Monday, November 9th will be paid a dividend of $0.20 per share by the industrial products company on Monday, November 23rd. This represents a $0.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, November 9th.

Kennametal has a dividend payout ratio of 59.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kennametal to earn $2.25 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 35.6%.

Kennametal Price Performance

NYSE:KMT opened at $23.06 on Friday. The stock’s 50 day moving average price is $30.10 and its two-hundred day moving average price is $34.42. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 3.04, a P/E/G ratio of 0.30 and a beta of 1.30. Kennametal has a 12-month low of $22.65 and a 12-month high of $43.81. The company has a quick ratio of 0.98, a current ratio of 2.62 and a debt-to-equity ratio of 0.42.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, November 4th. The industrial products company reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.83. Kennametal had a return on equity of 24.83% and a net margin of 14.53%. The company had revenue of $768.19 million for the quarter, compared to analyst estimates of $770.36 million. During the same quarter last year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was up 54.3% on a year-over-year basis. On average, analysts anticipate that Kennametal will post 5.18 earnings per share for the current year.

Kennametal Company Profile

Kennametal Inc (NYSE: KMT) is a global industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions. Its products are designed to help customers improve productivity, durability and performance in demanding manufacturing and industrial applications.

The company’s offerings include metal-cutting tools and systems, tooling components, advanced materials, and products made with hard metals and other wear-resistant technologies. Kennametal also provides engineered solutions for applications such as machining, earthworks, energy production, transportation, aerospace, defense and general engineering.

Founded in 1938 by Philip M.