Kaiser Aluminum (KALU) Raises Quarterly Dividend 9.1% to $0.60; 2.5% Yield

Kaiser Aluminum (NASDAQ: KALU) declared a quarterly dividend of $0.60 per share, or $2.4 annualized. This is a 9.1% increase from the prior dividend of $0.55.

The dividend will be payable on February 15, 2019, to stockholders of record on January 25, 2019, with an ex-dividend date of January 24, 2019.

The annual yield on the dividend is 2.5 percent.

“This represents the eighth consecutive year our Board has increased the quarterly dividend, reflecting confidence in the consistency of our strategy, the long-term outlook for our business and opportunities to continue to create value for our shareholders,” said Jack A. Hockema, Chairman and CEO. “We maintain a focus on financial strength and flexibility and manage our liquidity and conservative capital structure to remain strong through the business and economic cycles. Our strong balance sheet and cash flow generation support our priorities for capital deployment including further investments in organic and inorganic growth and continued returns of cash to shareholders,” stated Mr. Hockema.

For a dividend history and other dividend-related data on Kaiser Aluminum (KALU) click here.

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