Kaiser Aluminum Corp. (KALU) plans quarterly dividend of $0.35

Kaiser Aluminum Corp. declared a quarterly dividend on Wednesday, October 15th, American Banking and Market News reports. Stockholders of record on Friday, October 24th will be given a dividend of 0.35 per share on Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, October 22nd.

KALU has been the subject of a number of recent research reports. Analysts at Tigress Financial initiated coverage on shares of Kaiser Aluminum Corp. in a research note on Tuesday, September 23rd. They set a “buy” rating on the stock. On a related note, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Kaiser Aluminum Corp. in a research note on Friday, July 25th. They now have a $85.00 price target on the stock, up previously from $80.00. Finally, analysts at Cowen and Company raised their price target on shares of Kaiser Aluminum Corp. from $76.00 to $83.00 in a research note on Friday, July 25th. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Kaiser Aluminum Corp. currently has an average rating of “Buy” and an average price target of $79.94.

Shares of Kaiser Aluminum Corp. traded up 0.55% on Wednesday, hitting $73.54. 198,392 shares of the company’s stock traded hands. Kaiser Aluminum Corp. has a 52-week low of $62.60 and a 52-week high of $81.62. The stock’s 50-day moving average is $77.74 and its 200-day moving average is $73.99. The company has a market cap of $1.304 billion and a P/E ratio of 14.83.

Kaiser Aluminum Corp. last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.18. The company had revenue of $344.00 million for the quarter, compared to the consensus estimate of $334.89 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts expect that Kaiser Aluminum Corp. will post $3.79 EPS for the current fiscal year.

In other Kaiser Aluminum Corp. news, CEO Jack A. Hockema sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $75.37, for a total transaction of $376,850.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products and operates in fabricated products segment.