Dividend Yield: 1.3%
Payout Ratio: N/A
YTD Performance: Flat
The woes of aluminum giant Alcoa (NYSE:AA) are pretty well documented, though — God love ‘im — InvestorPlace Editor Jeff Reeves still remains faithful to his 10 Best Stocks for 2012 pick.
Alcoa is off 50% from 2011 pricing and 75% in the past five years amid a slow, steady drumbeat of declining demand and soft prices … making its flat year-to-date performance a surprising silver lining.
AA shares paid 17 cents quarterly starting in January 2007, but its shares tanked and in March 2009 it shaved its payout to 3 cents. If that figure sounds familiar, that’s because it’s what AA is currently paying.
Also, take a gander at the company’s payout ratio — or lack thereof. See, you can’t figure out the percentage of earnings paid as dividends without actual earnings. And AA lost 13 cents a share including charges in the most recent quarter.
Translation: Don’t expect that dividend to improve anytime soon.