Howmet Aerospace Inc. (NYSE:HWM – Get Free Report) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 8th will be given a dividend of 0.12 per share on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, May 8th.
Howmet Aerospace has decreased its dividend by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 5 years. Howmet Aerospace has a payout ratio of 11.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Howmet Aerospace to earn $5.45 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 8.8%.
Howmet Aerospace Stock Performance
Shares of Howmet Aerospace stock opened at $242.83 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.13 and a quick ratio of 1.09. The firm has a market cap of $97.30 billion, a price-to-earnings ratio of 65.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19. The stock’s 50-day moving average is $245.65 and its 200-day moving average is $222.51. Howmet Aerospace has a one year low of $150.63 and a one year high of $267.31.
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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