Managing Performance Challenges: Kaman Responds to Decreased Earnings with Strategic Dividend Changes
Portfolio Pulse from Benzinga Insights
Kaman (NYSE:KAMN) is distributing a dividend payout of $0.20 per share, resulting in an annualized dividend yield of 3.55%. The company has maintained a steady dividend per share of $0.80 from 2019 to 2022. However, Kaman's earnings per share decreased from $2.41 to $1.26 during the same period, which could impact its ability to sustain or increase its cash dividend payouts. Park Aerospace (NYSE:PKE) has the highest annualized dividend yield at 3.59% among its industry peers.
July 13, 2023 | 3:06 pm
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NEGATIVE IMPACT
Kaman's steady dividend payout despite decreased earnings could impact its ability to sustain or increase its cash dividend payouts.
Kaman's earnings per share decreased from $2.41 to $1.26 from 2019 to 2022, which could impact its ability to sustain or increase its cash dividend payouts. This could potentially affect the company's attractiveness to income-seeking investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Park Aerospace boasts the highest annualized dividend yield at 3.59% among its industry peers.
Park Aerospace's high annualized dividend yield could make it an attractive option for income-seeking investors, potentially driving up demand for its shares.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50