Kaiser Aluminum (KALU) Announces $75M Buyback; Raises Dividend to $0.24/Share
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Kaiser Aluminum (NASDAQ: KALU) announced that its Board of Directors has authorized the repurchase of up to $75 million in the company’s common stock.
The Board also declared a quarterly cash dividend of $0.24 per share on the company’s outstanding stock, which represents a 33 percent increase over the prior quarter's dividend. This dividend will be payable on August 15, 2008 to shareholders of record at the close of business on July 25, 2008.
The Board also declared a quarterly cash dividend of $0.24 per share on the company’s outstanding stock, which represents a 33 percent increase over the prior quarter's dividend. This dividend will be payable on August 15, 2008 to shareholders of record at the close of business on July 25, 2008.
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