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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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
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