Kennametal Inc. (NYSE:KMT) Shareholders to Collect $0.20 Quarterly Dividend

Kennametal Inc. (NYSE:KMT – Get Free Report) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Monday, November 9th will be given a dividend of $0.20 per share by the industrial products company on Monday, November 23rd. This represents a $0.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 9th.

Kennametal has a payout ratio of 59.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kennametal to earn $2.25 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 35.6%.

Kennametal Stock Performance

Shares of KMT opened at $23.06 on Friday. The stock has a 50-day simple moving average of $30.10 and a 200-day simple moving average of $34.42. Kennametal has a 1 year low of $22.65 and a 1 year high of $43.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 2.62. The stock has a market capitalization of $1.76 billion, a PE ratio of 3.04, a PEG ratio of 0.30 and a beta of 1.30.

Kennametal (NYSE:KMT – Get Free Report) last released its earnings results on Wednesday, November 4th. The industrial products company reported $3.48 EPS for the quarter, beating the consensus estimate of $2.65 by $0.83. Kennametal had a return on equity of 24.83% and a net margin of 14.53%. The firm had revenue of $768.19 million during the quarter, compared to analyst estimates of $770.36 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The business’s quarterly revenue was up 54.3% compared to the same quarter last year. On average, analysts predict that Kennametal will post 5.18 earnings per share for the current fiscal year.

Kennametal Company Profile

(Get Free Report)

Kennametal Inc (NYSE: KMT) is a global industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions. Its products are designed to help customers improve productivity, durability and performance in demanding manufacturing and industrial applications.

The company’s offerings include metal-cutting tools and systems, tooling components, advanced materials, and products made with hard metals and other wear-resistant technologies. Kennametal also provides engineered solutions for applications such as machining, earthworks, energy production, transportation, aerospace, defense and general engineering.

Founded in 1938 by Philip M.

Recommended Stories

Dividend History for Kennametal (NYSE:KMT)

Receive News & Ratings for Kennametal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennametal and related companies with MarketBeat.com's FREE daily email newsletter.