Kaiser Aluminum Corporation (NASDAQ:KALU) stated today that its Board of Directors has declared a quarterly cash dividend of $0.77 per share, up 7% from the previous quarter's payout. The dividend will be paid on February 15, 2022 to stockholders who were on the books on January 24, 2022 at the close of business.
“The Board’s decision to authorize an increase in the quarterly dividend reflects confidence in the long-term outlook for our business and opportunities to continue to create value for our shareholders,” said Keith A. Harvey, President and Chief Executive Officer.
“We have built a strong diversified portfolio from which to support secular demand growth in each of our served markets and a platform for planned capital investments to further strengthen our competitive position, enhance our sustainability and drive long-term growth. We expect our consistent cash flow generation and strong liquidity will support our investments and continued returns of cash to shareholders as we remain focused on maintaining our financial strength and flexibility,” added said Keith A. Harvey.
Kaiser Aluminum Corporation, based in Foothill Ranch, California, is a leading manufacturer of semi-fabricated specialty aluminium products, providing highly engineered solutions for aerospace and high-strength, packaging, general engineering, custom automotive, and other industrial applications to customers around the world.
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