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Kaiser Aluminum Corporation Announces a 7% Increase in Quarterly Dividend Payment
FOOTHILL RANCH, Calif., Jan. 13, 2022 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a
About this update from Kaiser Aluminum Corporation
[{"type":"text","content":"FOOTHILL RANCH, Calif., Jan. 13, 2022 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share representing a 7% increase over the prior quarter's dividend. The dividend will be payable on February 15, 2022 to shareholders of record as of the close of business on January 24, 2022. “The Board’s decision to authorize an increase in the quarterly dividend reflects confidence in the long-term outlook for our business and opportunities to continue to create value for our shareholders,” said Keith A. Harvey, President and Chief Executive Officer. “We have built a strong diversified portfolio from which to support secular demand growth in each of our served markets and a platform for planned capital investments to further strengthen our competitive position, enhance our sustainability and drive long-term growth. We expect our consistent cash flow generation and strong liquidity will support our investments and continued returns of cash to shareholders as we remain focused on maintaining our financial strength and flexibility.” Company Description Kaiser Aluminum Corporation, headquartered in Foothill Ranch, Calif., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly engineered solutions for aerospace and high-strength, packaging, general engineering, custom automotive and other industrial applications. The Company’s North American facilities produce value-added plate, sheet, coil, extrusions, rod, bar, tube and wire products, adhering to traditions of quality, innovation and service that have been key components of its culture since the Company was founded in 1946. The Company’s stock is included in the Russell 2000® index and the S&P Small Cap 600® index. Available Information For more information, please visit the Company’s web site at www.kaiseraluminum.com. The web site includes a section for investor relations under which the Company provides notifications of news or announcements regarding its financial performance, including Securities and Exchange Commission (SEC) filings, investor events, and earnings and other press releases. In addition, all Company filings submitted to the SEC are available through a link to the section of the SEC’s web site at www.sec.gov which...