FOOTHILL RANCH, Calif., Jan. 13, 2012 (GLOBE NEWSWIRE) --
Kaiser Aluminum Corporation (Nasdaq:KALU) today announced
that its Board of Directors has declared a quarterly cash
dividend payment of $0.25 per share on the Company's
outstanding common stock, representing a four percent
increase over the prior quarter's dividend. The
Board's decision to authorize the increase reflects
confidence in the Company's financial strength and
excellent long-term earnings potential derived from
continued growth in aerospace and automotive demand and
benefits yet to be fully realized from its organic and
acquisition investments. The dividend will be payable on
February 15, 2012 to shareholders of record as of the close
of business on January 24, 2012.
Company Description
Kaiser Aluminum Corporation, headquartered in Foothill
Ranch, Calif., is a leading producer of semi-fabricated
specialty aluminum products, serving customers worldwide
with highly-engineered solutions for aerospace and
high-strength, general engineering, and custom automotive
and industrial applications. The Company's North
American facilities produce value-added sheet, plate,
extrusions, rod, bar, tube and wire products, adhering to
traditions of quality, innovation and service that have
been key components of our 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.
The Kaiser Aluminum Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6081
Available Information
For more information, please visit the Company's web
site atwww.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.govwhich 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.
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) changes in economic or aluminum
industry business conditions generally, including supply,
demand and credit conditions and conditions in the markets
served by the Company, including aerospace, defense,
general engineering, automotive, distribution and other
markets; (b) the impact of the Company's future
earnings, financial condition, capital requirements and
other factors on its ability to pay 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, 2010. 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: Investor Relations Contact:
Melinda C. Ellsworth
Kaiser Aluminum Corporation
(949) 614-1757
Public Relations Contact:
Dave Quast
FTI Consulting
(917) 434-9429
