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

Alcoa Co. (NYSE:AA) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Tuesday, March 4th will be paid a dividend of 0.10 per share by the industrial products company on Thursday, March 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, March 4th.

Alcoa has increased its dividend by an average of 58.7% per year over the last three years. Alcoa has a dividend payout ratio of 11.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of AA stock opened at $33.23 on Friday. Alcoa has a 12 month low of $26.31 and a 12 month high of $47.77. The stock has a 50-day moving average price of $36.55 and a 200 day moving average price of $37.98. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of -207.69, a PEG ratio of 0.19 and a beta of 2.43.

Alcoa (NYSE:AA) last released its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. Research analysts expect that Alcoa will post 4.43 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AA shares. BMO Capital Markets lifted their price objective on Alcoa to $43.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. Morgan Stanley decreased their target price on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Jefferies Financial Group decreased their target price on Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Bank of America boosted their price objective on shares of Alcoa to $58.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.55.

About Alcoa

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.