Kaiser Aluminum Corporation Announces Quarterly Dividend Payment

Rhea-AI Summary

Kaiser Aluminum Corporation (NASDAQ:KALU) has declared a quarterly cash dividend of $0.77 per share, payable on May 15, 2023, to shareholders on record as of April 25, 2023. This decision reflects the company's commitment to returning value to shareholders amidst its operations in producing specialty aluminum products across various sectors including aerospace, automotive, and packaging. The corporation's North American facilities deliver a diverse range of aluminum products while adhering to high standards of quality and service.

Since its founding in 1946, Kaiser Aluminum has evolved to maintain its presence in stock indices like the Russell 2000® and the S&P Small Cap 600®. The announcement underscores the company’s financial health and intention to sustain shareholder returns.

Positive

• Quarterly cash dividend of $0.77 per share declared.
• Dividends payable on May 15, 2023, showing commitment to returning value to shareholders.
• Strong positioning in various sectors: aerospace, automotive, packaging, etc.
• Inclusion in the Russell 2000® and S&P Small Cap 600® indices, reflecting stability and market confidence.

Negative

• None.

FRANKLIN, Tenn., April 13, 2023 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, automotive extrusions, general engineering and other industrial applications, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share. The dividend will be payable on May 15, 2023 to shareholders of record as of the close of business on April 25, 2023.

About Kaiser Aluminum Corporation

Kaiser Aluminum Corporation, headquartered in Franklin, Tenn., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications. The Company’s North American facilities produce value-added plate, sheet, coil, extrusions, rod, bar, tube and wire products, adhering to traditions of quality, innovation, and service that have been key components of its culture since the Company was founded in 1946. The Company’s stock is included in the Russell 2000® index and the S&P Small Cap 600® index.

Available Information

For more information, please visit the Company’s web site at www.kaiseraluminum.com. The web site includes a section for investor relations under which the Company provides notifications of news or announcements regarding its financial performance, including Securities and Exchange Commission (SEC) filings, investor events, and earnings and other press releases. In addition, all Company filings submitted to the SEC are available through a link to the section of the SEC’s web site at www.sec.gov which includes: Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and Proxy Statements for the Company’s annual stockholders’ meetings and other information statements as filed with the SEC. In addition, the Company provides a webcast of its quarterly earnings calls and certain events in which management participates or hosts with members of the investment community.

Forward-Looking Statements

This press release contains statements based on management’s current expectations, estimates and projections that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 involving known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those expressed or implied. These factors include: (a) general economic and business conditions, reshoring, cyclicality, supply chain disruptions, and conditions that impact demand drivers in the aerospace/high strength, aluminum beverage and food packaging, general engineering, automotive and other end markets the Company serves; (b) the impact of the Company's future earnings, cash flows, financial condition, capital requirements and other factors on its financial strength, flexibility, ability to pay or increase future dividends and any decision by the Company's board of directors in that regard; and (c) other risk factors summarized in the Company's reports filed with the Securities and Exchange Commission, including the Company's Form 10-K for the year ended December 31, 2022. All information in this release is as of the date of the release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations.

Contact:
Addo Investor Relations
Investors@KaiserAluminum.com
949-614-1769

FAQ

What is the dividend amount for Kaiser Aluminum Corporation (KALU)?

Kaiser Aluminum Corporation has declared a quarterly cash dividend of $0.77 per share.

When will the dividend for KALU be paid?

The dividend will be payable on May 15, 2023.

What is the record date for KALU's dividend?

The record date for the dividend is April 25, 2023.

Is the dividend sustainable for Kaiser Aluminum Corporation?

The sustainability of the dividend depends on the company's future earnings and financial condition, as mentioned in their risk factors.