Kaman Co. (NYSE:KAMN – Get Free Report) 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 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. 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 stock opened at $20.34 on Friday. 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 firm’s 50 day moving average is $19.63 and its 200 day moving average is $21.75. Kaman has a 12-month low of $18.06 and a 12-month high of $26.51.
Hedge Funds Weigh In On Kaman
Analysts Set New Price Targets
A number of analysts recently commented on KAMN shares. TheStreet cut Kaman from a “c” rating to a “d+” rating in a research report on Friday, November 3rd. StockNews.com raised shares of Kaman from a “hold” rating to a “buy” rating in a research report on Thursday.
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.
- Five stocks we like better than Kaman
- Why Consider Investing in Nanotechnology Stocks
- Williams-Sonoma is a steal for buy-and-hold investors
- Insider Trades May Not Tell You What You Think
- A closer look at Warren Buffett’s latest surprise purchase
- How to Invest in Cannabis, Step by Step
- GE stock surges to six-year high: What’s behind the move?
Receive News & Ratings for Kaman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaman and related companies with MarketBeat.com's FREE daily email newsletter.