Kaiser Aluminum Corporation Announces a 12 Percent Increase in Quarterly Dividend Payment

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FOOTHILL RANCH, Calif., Jan. 14, 2020 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.67 per share representing a 12% increase over the prior quarter's dividend. The dividend will be payable on February 14, 2020 to shareholders of record as of the close of business on January 24, 2020.

“The increase in the quarterly dividend reflects our continued confidence in the long-term outlook for our business, the end markets we serve and opportunities to create further value for our shareholders,” said Jack A. Hockema, Chairman and CEO. “We remained focused on managing our capital structure and liquidity for the financial strength and flexibility to support our strategic growth initiatives, and our ongoing commitment to return cash to shareholders throughout the business and economic cycles,” stated Mr. Hockema.

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Globe Newswire: 21:30 GMT Tuesday 14th January 2020

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