BLOOMFIELD, Conn. - Kaman Corporation (NYSE:KAMN), a company with a diverse presence in the aerospace, defense, industrial, and medical markets, has announced a regular quarterly dividend of 20 cents per common share. The upcoming dividend is slated for distribution on April 11, 2024, to shareholders who are on record as of March 19, 2024.
This declaration reflects the company's ongoing commitment to deliver value to its shareholders. Kaman Corporation has a long history, having been established in 1945 by Charles H. Kaman. The company has since grown to provide a wide range of products and services. These include the manufacturing of aircraft bearings and components, precision ball bearings, seals, springs, and contacts, as well as wheels, brakes, and hydraulic components for various types of aircraft.
Additionally, Kaman is involved in the production of complex metallic and composite aerostructures for both commercial and military applications. Their expertise extends to the provision of safe and arming solutions for missile and bomb systems used by the U.S. and allied militaries. The company also undertakes subcontract helicopter work, along with the restoration, modification, and support of the SH-2G Super Seasprite maritime helicopters.
Kaman continues to support its heavy lift K-MAX® manned helicopter and is developing the KARGO UAV, an unmanned aerial system designed for autonomous medium lift logistics operations.
The information regarding the dividend is based on a press release statement issued by Kaman Corporation. The company's stock performance and any future financial decisions are likely to be influenced by market conditions and the company's operational results.
InvestingPro Insights
Kaman Corporation (NYSE:KAMN) remains a stalwart in the industry with a consistent history of rewarding its shareholders. An InvestingPro Tip highlights that the company has maintained dividend payments for an impressive 53 consecutive years, showcasing its commitment to shareholder returns. This is particularly noteworthy as the company prepares to distribute its upcoming quarterly dividend.
InvestingPro Data further illuminates the company's financial health and stock performance. Kaman's market capitalization stands at $1.29 billion, reflecting its size and stability within the market. Despite experiencing some volatility, with a P/E Ratio (Adjusted) for the last twelve months as of Q3 2023 at 41.03, the company has shown a strong return over the last three months, with a 124.57% price total return, which aligns with the substantial price uptick over the last six months. Investors might also take interest in the company's revenue growth, which was reported at 15.6% for the last twelve months as of Q3 2023, indicating a robust expansion in its operations.
For those looking to delve deeper into Kaman's financials and stock performance, InvestingPro offers additional tips. There are 9 more InvestingPro Tips available for Kaman Corporation, which can be accessed by visiting https://www.investing.com/pro/KAMN. For readers seeking to enhance their investment strategy, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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