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

Alcoa (NYSE:AA) announced a quarterly dividend on Thursday, July 30th. Investors of record on Tuesday, August 11th will be paid a dividend of 0.10 per share by the industrial products company on Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, August 11th.

Alcoa has a dividend payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Alcoa to earn $5.81 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 6.9%.

Alcoa Stock Performance

NYSE:AA opened at $44.94 on Friday. The stock has a market cap of $11.86 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 0.48 and a beta of 1.63. The firm’s fifty day simple moving average is $57.96 and its 200 day simple moving average is $61.61. Alcoa has a twelve month low of $28.11 and a twelve month high of $84.38. The company has a quick ratio of 0.92, a current ratio of 1.53 and a debt-to-equity ratio of 0.30.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Thursday, July 16th. The industrial products company reported $2.12 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.13). Alcoa had a return on equity of 18.90% and a net margin of 9.48%.The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the company posted $0.39 earnings per share. As a group, research analysts predict that Alcoa will post 6.55 EPS for the current year.

About Alcoa

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.