Alcoa (NYSE:AA) Stock to Pay Quarterly Dividend of $0.10

Alcoa (NYSE:AA) declared a quarterly dividend on Thursday, October 15th. Stockholders of record on Tuesday, October 27th will be paid a dividend of $0.10 per share by the industrial products company on Friday, November 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, October 27th.

Alcoa has a dividend payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Alcoa to earn $5.69 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 7.0%.

Alcoa Trading Up 0.5%

Shares of NYSE AA opened at $40.30 on Friday. Alcoa has a 1-year low of $35.12 and a 1-year high of $84.38. The business has a fifty day moving average price of $47.10 and a 200 day moving average price of $56.14. The stock has a market capitalization of $10.63 billion, a P/E ratio of 8.29, a price-to-earnings-growth ratio of 0.49 and a beta of 1.74. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.53 and a quick ratio of 0.92.

Alcoa (NYSE:AA) last released its quarterly earnings results on Thursday, October 15th. The industrial products company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.31. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Alcoa had a net margin of 9.48% and a return on equity of 18.90%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business earned $0.88 EPS. Equities research analysts expect that Alcoa will post 6.69 EPS for the current fiscal year.

Alcoa Company Profile

Alcoa Corporation (NYSE:AA) is a global producer of aluminum and an integrated participant in the aluminum industry. Its operations span the value chain from bauxite mining and alumina refining to aluminum smelting, casting and recycling.

The company supplies aluminum products used in transportation, building and construction, packaging, aerospace, automotive, electrical and other industrial applications. Its portfolio includes primary aluminum, alumina, aluminum billets and other cast products, as well as low-carbon and recycled aluminum offerings.

Alcoa traces its origins to the Pittsburgh Reduction Company, founded in 1888, and has helped develop the modern aluminum industry.