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Managing Performance Challenges: Kaman Responds to Decreased Earnings with Strategic Dividend Changes

Author: Benzinga Insights | July 13, 2023 11:05am

As the day concludes, Kaman (NYSE:KAMN) is preparing to distribute a dividend payout of $0.20 per share, resulting in an annualized dividend yield of 3.55%. This payout is exclusive to investors who held the stock before the ex-dividend date on June 16, 2023.

Kaman Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-06-16 4 $0.2 3.55% 2023-06-07 2023-06-20 2023-07-13
2023-03-20 4 $0.2 3.23% 2023-02-22 2023-03-21 2023-04-13
2022-12-19 4 $0.2 3.86% 2022-11-14 2022-12-20 2023-01-12
2022-09-19 4 $0.2 2.55% 2022-08-03 2022-09-20 2022-10-13
2022-06-17 4 $0.2 2.09% 2022-06-08 2022-06-21 2022-07-14
2022-03-14 4 $0.2 1.92% 2022-02-23 2022-03-15 2022-04-14
2021-12-20 4 $0.2 1.98% 2021-11-15 2021-12-21 2022-01-13
2021-09-20 4 $0.2 1.83% 2021-08-03 2021-09-21 2021-10-14
2021-06-21 4 $0.2 1.41% 2021-06-09 2021-06-22 2021-07-08
2021-03-15 4 $0.2 1.42% 2021-02-23 2021-03-16 2021-04-08
2020-12-14 4 $0.2 1.52% 2020-11-17 2020-12-15 2021-01-14
2020-09-14 4 $0.2 1.96% 2020-08-04 2020-09-15 2020-10-08

With a dividend yield that places it neither at the top nor the bottom, Kaman finds itself in the middle among its industry peers, while Park Aerospace (NYSE:PKE) boasts the highest annualized dividend yield at 3.59%.

Analyzing Kaman Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

Investors witnessed a steady dividend per share of $0.80 from 2019 to 2022, indicating the company's commitment to providing stability to shareholders through a reliable dividend payout. This consistent dividend policy offers a dependable income source for investors.

YoY Earnings Growth For Kaman

earning chart graph

From 2019 to 2022, Kaman experienced a decrease in earnings per share, dropping from $2.41 to $1.26. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.

Recap

This article takes an in-depth look at Kaman's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.20 per share today, translating to an annualized dividend yield of 3.55%.

With a dividend yield that places it neither at the top nor the bottom, Kaman finds itself in the middle among its industry peers, while Park Aerospace boasts the highest annualized dividend yield at 3.59%.

Even though there has been no change in the dividend per share from 2019 to 2022, the declining earnings per share of Kaman reflect a weaker financial footing, which may limit the company's ability to consistently reward shareholders with profit distributions.

To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: KAMN PKE

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