Kaman Co. Declares Quarterly Dividend of $0.20 (NYSE:KAMN)

Kaman Co. (NYSE:KAMN) announced a quarterly dividend on Wednesday, June 9th, Zacks reports. Shareholders of record on Tuesday, June 22nd will be given a dividend of 0.20 per share by the industrial products company on Thursday, July 8th. This represents a $0.80 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Monday, June 21st.

Shares of NYSE KAMN traded down $0.60 during trading on Friday, reaching $54.68. 84,247 shares of the stock were exchanged, compared to its average volume of 135,696. The company has a market cap of $1.52 billion, a P/E ratio of -24.52 and a beta of 1.35. The business’s 50-day moving average price is $53.25. The company has a quick ratio of 2.25, a current ratio of 3.49 and a debt-to-equity ratio of 0.24. Kaman has a twelve month low of $37.38 and a twelve month high of $59.79.

Kaman (NYSE:KAMN) last posted its quarterly earnings results on Tuesday, May 4th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.10. The firm had revenue of $171.60 million for the quarter, compared to analysts’ expectations of $167.90 million. Kaman had a negative net margin of 8.29% and a positive return on equity of 6.30%. The firm’s quarterly revenue was down 17.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. Equities analysts anticipate that Kaman will post 1.84 earnings per share for the current year.

Separately, Zacks Investment Research raised shares of Kaman from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Thursday.

Kaman Company Profile

Kaman Corporation, together with its subsidiaries, operates in the aerospace, medical, and industrial markets. The company produces and markets aircraft bearings and components; super precision miniature ball bearings; spring energized seals, springs, and contacts; and metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircrafts.

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Dividend History for Kaman (NYSE:KAMN)

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