19 JANUARY 2016Kaiser Aluminum Press Release
Kaiser Aluminum announces a 12.5% increase in quarterly dividend payment
Edited by : AL CIRCLE
1 min read
Kaiser Aluminum Corporation today announced that its Board of Directors has declared a quarterly cash dividend of $0.45 per share representing a 12.5% increase over the prior quarter's dividend. The dividend will be payable on February 12, 2016 to shareholders of record as of the close of business on January 25, 2016.
"The increase in our quarterly dividend reflects our continued confidence in the outlook for our business," said Jack A. Hockema, CEO and Chairman. "We are very well-positioned for further long-term growth and shareholder value creation facilitated by strong secular demand for automotive and aerospace applications, and with continued improvements in our production capacity, efficiency, and quality we will continue to capitalize on these growth opportunities. Our priorities for capital deployment remain focused on organic investments, steadily increasing our quarterly dividend, and returning excess cash to shareholders through share repurchases while continuing to maintain financial strength and flexibility to pursue other value-creating opportunities," stated Mr. Hockema.
"The increase in our quarterly dividend reflects our continued confidence in the outlook for our business," said Jack A. Hockema, CEO and Chairman. "We are very well-positioned for further long-term growth and shareholder value creation facilitated by strong secular demand for automotive and aerospace applications, and with continued improvements in our production capacity, efficiency, and quality we will continue to capitalize on these growth opportunities. Our priorities for capital deployment remain focused on organic investments, steadily increasing our quarterly dividend, and returning excess cash to shareholders through share repurchases while continuing to maintain financial strength and flexibility to pursue other value-creating opportunities," stated Mr. Hockema.
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