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.
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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