Howmet Aerospace Inc. (NYSE:HWM – Get Free Report) declared a quarterly dividend on Monday, July 27th. Investors of record on Friday, August 7th will be given a dividend of 0.14 per share on Tuesday, August 25th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 7th. This is a 16.7% increase from Howmet Aerospace’s previous quarterly dividend of $0.12.
Howmet Aerospace has decreased its dividend by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Howmet Aerospace has a payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Howmet Aerospace to earn $5.94 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 9.4%.
Howmet Aerospace Stock Performance
Shares of HWM stock opened at $288.96 on Wednesday. The business has a fifty day moving average of $271.09 and a 200 day moving average of $252.84. Howmet Aerospace has a 1 year low of $169.45 and a 1 year high of $295.28. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.44 and a quick ratio of 1.59. The firm has a market capitalization of $115.62 billion, a price-to-earnings ratio of 67.04, a price-to-earnings-growth ratio of 2.25 and a beta of 1.20.
Howmet Aerospace Company Profile
Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.
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