Alcoa Co. (AA) To Go Ex-Dividend on March 4th

Alcoa Co. (NYSE:AA) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Tuesday, March 4th will be given a dividend of 0.10 per share by the industrial products company on Thursday, March 20th. This represents a $0.40 annualized dividend and a yield of 1.16%. 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 payout ratio of 11.9% indicating that 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 Trading Down 7.7 %

Shares of AA stock opened at $34.40 on Friday. The business’s 50 day moving average is $36.93 and its two-hundred day moving average is $37.80. Alcoa has a twelve month low of $24.86 and a twelve month high of $47.77. The company has a market capitalization of $8.89 billion, a P/E ratio of -214.98, a price-to-earnings-growth ratio of 0.20 and a beta of 2.43. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Jefferies Financial Group reduced their price objective on Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, January 6th. BMO Capital Markets boosted their price target on Alcoa to $43.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Bank of America upped their target price on Alcoa to $58.00 and gave the company a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. boosted their price target on Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Finally, B. Riley raised Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently 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.