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

Alcoa (NYSE:AA) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Tuesday, March 10th will be paid a dividend of 0.10 per share by the industrial products company on Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 10th.

Alcoa has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Alcoa to earn $3.17 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 12.6%.

Alcoa Trading Down 1.6%

AA traded down $1.02 during trading on Friday, reaching $62.45. 998,575 shares of the company’s stock were exchanged, compared to its average volume of 8,075,560. The company’s fifty day moving average price is $59.56 and its 200-day moving average price is $44.33. The firm has a market capitalization of $16.17 billion, a PE ratio of 14.12 and a beta of 1.91. Alcoa has a fifty-two week low of $21.53 and a fifty-two week high of $66.95. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 1.45.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.31. Alcoa had a return on equity of 16.18% and a net margin of 9.12%.The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the company earned $1.04 EPS. The firm’s revenue was down 1.1% on a year-over-year basis. As a group, equities analysts forecast that Alcoa will post 4.43 EPS for the current year.

Alcoa Company Profile

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.