Alcoa (AA) to Distribute Quarterly Dividend of $0.10 on August 27th

Alcoa (NYSE:AAGet Free Report) announced a quarterly dividend on Thursday, July 30th. Investors of record on Tuesday, August 11th will be given 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 dividend yield of 0.8%. The ex-dividend date of this dividend 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 Price Performance

Shares of NYSE AA opened at $50.18 on Friday. Alcoa has a 52 week low of $28.92 and a 52 week high of $84.38. The business’s 50 day moving average price is $54.73 and its 200 day moving average price is $60.92. The company has a quick ratio of 0.92, a current ratio of 1.53 and a debt-to-equity ratio of 0.30. The firm has a market cap of $13.24 billion, a P/E ratio of 10.33, a P/E/G ratio of 0.57 and a beta of 1.63.

Alcoa (NYSE:AAGet Free Report) last posted its quarterly earnings results on Thursday, July 16th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.13). Alcoa had a return on equity of 18.90% and a net margin of 9.48%.The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the business posted $0.39 earnings per share. On average, sell-side analysts expect that Alcoa will post 6.55 earnings per share for the current year.

About Alcoa

(Get Free Report)

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.

See Also

Dividend History for Alcoa (NYSE:AA)

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