Kaiser Aluminum Corporation (Nasdaq:KALU) today announced that its Board of Directors has declared a quarterly cash dividend payment of $0.25 per share on the Company's outstanding common stock, representing a four percent increase over the prior quarter's dividend. The Board's decision to authorize the increase reflects confidence in the Company's financial strength and excellent long-term earnings potential derived from continued growth in aerospace and automotive demand and benefits yet to be fully realized from its organic and acquisition investments. The dividend will be payable on February 15, 2012 to shareholders of record as of the close of business on January 24, 2012.
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, general engineering, and custom automotive and industrial applications. The Company's North American facilities produce value-added sheet, plate, extrusions, rod, bar, tube and wire products, adhering to traditions of quality, innovation and service that have been key components of our 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.
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