Kaman Co. (NYSE:KAMN – Get Rating) announced a quarterly dividend on Wednesday, February 22nd, Zacks reports. Stockholders of record on Tuesday, March 21st will be paid a dividend of 0.20 per share by the industrial products company on Thursday, April 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Monday, March 20th.
Kaman has a payout ratio of 98.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Kaman to earn $0.69 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 115.9%.
Kaman Stock Down 4.6 %
Shares of NYSE KAMN opened at $21.40 on Friday. The firm has a 50 day moving average of $24.30 and a 200 day moving average of $25.14. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.02 and a current ratio of 3.41. Kaman has a 12-month low of $18.88 and a 12-month high of $46.50.
Hedge Funds Weigh In On Kaman
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Kaman from a “sell” rating to a “hold” rating in a research report on Saturday.
Kaman Corp. engages in the design, manufacture and distribution of aircrafts, aircraft parts and components. It operates through the following three segments: Engineered Products, Precision Products and Structures. The firm produces and markets proprietary aircraft bearings and components, super precision, miniature ball bearings, proprietary spring energized seals, springs and contacts, complex metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircraft, and safe and arming solutions for missile and bomb systems for the U.S.
- Get a free copy of the StockNews.com research report on Kaman (KAMN)
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