Kaman Corporation to Issue Quarterly Dividend of $0.20 (KAMN)

Kaman Corporation (NYSE:KAMN) announced a quarterly dividend on Tuesday, November 14th, RTT News reports. Shareholders of record on Tuesday, December 19th will be given a dividend of 0.20 per share by the industrial products company on Thursday, January 4th. This represents a $0.80 annualized dividend and a yield of 1.42%.

Kaman Corporation has raised its dividend payment by an average of 4.0% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Kaman Corporation has a dividend payout ratio of 34.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Kaman Corporation to earn $2.75 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 29.1%.

Kaman Corporation (KAMN) traded down $0.33 during midday trading on Tuesday, reaching $56.23. 78,600 shares of the company’s stock traded hands, compared to its average volume of 172,299. The company has a current ratio of 2.85, a quick ratio of 1.35 and a debt-to-equity ratio of 0.64. Kaman Corporation has a twelve month low of $45.50 and a twelve month high of $57.11. The stock has a market capitalization of $1,570.00, a price-to-earnings ratio of 29.00 and a beta of 0.73.

Kaman Corporation (NYSE:KAMN) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. Kaman Corporation had a net margin of 2.90% and a return on equity of 9.30%. The business had revenue of $447.00 million during the quarter, compared to analyst estimates of $461.06 million. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. equities analysts expect that Kaman Corporation will post 2.34 earnings per share for the current year.

Several research firms have issued reports on KAMN. Northcoast Research began coverage on shares of Kaman Corporation in a research report on Tuesday, July 25th. They set a “buy” rating and a $60.00 price target for the company. BidaskClub upgraded shares of Kaman Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Finally, Zacks Investment Research upgraded shares of Kaman Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Kaman Corporation presently has an average rating of “Hold” and a consensus target price of $56.67.

In other news, Director E Reeves Callaway III sold 2,697 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $56.41, for a total transaction of $152,137.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.38% of the company’s stock.

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About Kaman Corporation

Kaman Corporation conducts business in the aerospace and distribution markets. The Company operates through two segments: Distribution and Aerospace. The Company’s brands include KAflex, KAron and K-MAX. Distribution segment is a power transmission, motion control, and fluid power industrial distributor with operations throughout the United States.

Dividend History for Kaman Corporation (NYSE:KAMN)

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