Alcoa Co. (NYSE:AA) Plans Quarterly Dividend of $0.10

Alcoa Co. (NYSE:AA) declared a quarterly dividend on Thursday, October 14th, RTT News reports. Investors of record on Friday, October 29th will be given a dividend of 0.10 per share by the industrial products company on Friday, November 19th. This represents a $0.40 annualized dividend and a yield of 0.81%. This is a boost from Alcoa’s previous quarterly dividend of $0.03.

NYSE:AA traded up $1.25 on Thursday, reaching $49.65. 383,576 shares of the company’s stock were exchanged, compared to its average volume of 7,351,888. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.57 and a quick ratio of 0.99. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 21.28 and a beta of 2.52. Alcoa has a 52 week low of $11.41 and a 52 week high of $52.45. The stock has a fifty day simple moving average of $45.91 and a 200-day simple moving average of $39.73.

Alcoa (NYSE:AA) last issued its earnings results on Wednesday, July 14th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.18. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.64 billion. Alcoa had a net margin of 4.12% and a return on equity of 5.16%. The company’s quarterly revenue was up 31.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.02) earnings per share. As a group, sell-side analysts predict that Alcoa will post 6.39 EPS for the current year.

A number of equities analysts have recently commented on the stock. Credit Suisse Group raised their price objective on shares of Alcoa from $51.00 to $56.00 and gave the company an “outperform” rating in a research report on Tuesday, September 14th. Argus upgraded shares of Alcoa from a “hold” rating to a “buy” rating and raised their price objective for the company from $49.94 to $58.00 in a research report on Wednesday, September 15th. Citigroup upgraded shares of Alcoa from a “neutral” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Friday, July 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Alcoa from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, September 16th. Finally, Zacks Investment Research raised shares of Alcoa from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Monday, September 20th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Alcoa presently has a consensus rating of “Buy” and a consensus price target of $52.27.

About Alcoa

Alcoa Corp. engages in the production of bauxite, alumina, and aluminum products. It operates through the following segments: Bauxite, Alumina, and Aluminum. The Bauxite segment represents the company’ global bauxite mining operations. The Alumina segment includes the company’s worldwide refining system, which processes bauxite into alumina.

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Dividend History for Alcoa (NYSE:AA)

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