Kaman Co. (KAMN) to Issue Quarterly Dividend of $0.20 on January 11th

Kaman Co. (NYSE:KAMN) announced a quarterly dividend on Wednesday, November 15th, Zacks reports. Stockholders of record on Tuesday, December 19th will be paid a dividend of 0.20 per share by the industrial products company on Thursday, January 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Monday, December 18th.

Kaman has a payout ratio of 102.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Kaman to earn $0.82 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 97.6%.

Kaman Trading Down 1.3 %

Shares of KAMN opened at $20.34 on Friday. Kaman has a 52 week low of $18.06 and a 52 week high of $26.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.79 and a current ratio of 1.39. The business has a 50-day simple moving average of $19.63 and a two-hundred day simple moving average of $21.75.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KAMN shares. TheStreet lowered shares of Kaman from a “c” rating to a “d+” rating in a research report on Friday, November 3rd. StockNews.com upgraded shares of Kaman from a “hold” rating to a “buy” rating in a research note on Thursday.

Institutional Trading of Kaman

Several institutional investors have recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in Kaman by 0.6% in the 1st quarter. Rhumbline Advisers now owns 80,515 shares of the industrial products company’s stock worth $3,501,000 after purchasing an additional 452 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Kaman by 0.9% in the second quarter. Goldman Sachs Group Inc. now owns 52,699 shares of the industrial products company’s stock worth $1,647,000 after buying an additional 466 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Kaman by 5.8% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 8,990 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 491 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Kaman by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,429 shares of the industrial products company’s stock valued at $468,000 after acquiring an additional 497 shares in the last quarter. Finally, FMR LLC increased its holdings in Kaman by 55.2% in the 1st quarter. FMR LLC now owns 1,679 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 597 shares during the last quarter. Hedge funds and other institutional investors own 84.25% of the company’s stock.

Kaman Company Profile

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.