FOOTHILL RANCH, Calif., Oct. 15, 2018 (GLOBE NEWSWIRE) — Kaiser Aluminum Corporation (KALU) today appear that its Lath of Admiral has declared a anniversary banknote allotment of $0.55 per allotment on the Company’s outstanding accepted stock. The allotment will be payable on November 15, 2018 to shareholders of almanac as of the aing of business on October 25, 2018.
In addition, the Lath of Admiral accustomed an added $100 actor for allotment repurchases, bringing the absolute accessible for approaching allotment repurchases beneath the affairs as of October 12, 2018 to $176 actor including the antecedent authorization.
“Over the accomplished decade we accept invested added than $700 actor in our operations to advance accomplishment efficiencies, aggrandize accommodation and adequacy and enhance affection which has served to strengthen our aggressive position and drive balance growth. In addition, we accept alternate added than $650 actor in banknote to shareholders through anniversary assets and allotment repurchases while advancement solid banking backbone and flexibility,” said Jack A. Hockema, Chairman and CEO. “Our priorities for basic deployment abide banausic and the access in our allotment repurchase allotment underscores our charge to acknowledgment balance banknote to shareholders in a acclimatized and constant manner,” declared Mr. Hockema.
Kaiser Aluminum Corporation, headquartered in Foothill Ranch, Calif., is a arch ambassador of semi-fabricated specialty aluminum products, confined barter common with highly-engineered solutions for aerospace and high-strength, accepted engineering, and custom automotive and automated applications. The Company’s North American accessories aftermath value-added sheet, plate, extrusions, rod, bar, tube and wire products, adhering to traditions of quality, accession and account that accept been key apparatus of its adeptness back the Company was founded in 1946. The Company’s banal is included in the Russell 2000® basis and the S&P Small Cap 600® index.
Available InformationFor added information, amuse appointment the Company’s web armpit at www.kaiseraluminum.com. The web armpit includes a area for broker relations beneath which the Company provides notifications of account or announcements apropos its banking performance, including Securities and Exchange Commission (SEC) filings, broker events, and balance and added columnist releases. In addition, all Company filings submitted to the SEC are accessible through a articulation to the area of the SEC’s web armpit at www.sec.gov which includes: Anniversary Letters on Form 10-K, Anniversary Letters on Form 10-Q, Accepted Letters on Form 8-K and Proxy Statements for the Company’s anniversary stockholders’ affairs and added advice statements as filed with the SEC. In addition, the Company provides a webcast of its anniversary balance calls and assertive contest in which administration participates or hosts with associates of the advance community.
This columnist absolution contains statements based on management’s accepted expectations, estimates and projections that aggregate “forward-looking statements” aural the acceptation of the Private Securities Litigation Reform Act of 1995 involving accepted and alien risks and uncertainties that may account absolute results, achievement or achievements of the Company to be materially altered from those bidding or implied. These factors include: (a) the adeptness of the Company to advance acceptable achievement improvement, analyze and auspiciously assassinate amoebic investments and advance opportunities, including advance from the Company’s absolute platform, and advance the Company’s accomplishment amount efficiencies, aggrandize accommodation and enhance affection added deepening its aggressive position and active balance growth; (b) the appulse of the Company’s approaching earnings, banknote flows, banking condition, basic requirements and added factors on its banking strength, flexibility, adeptness to pay or access approaching assets and repurchases and any accommodation by the Company’s lath of admiral in that regard; and (c) added accident factors abbreviated in the Company’s letters filed with the Securities and Exchange Commission, including the Company’s Form 10-K for the year concluded December 31, 2017. All advice in this absolution is as of the date of the release. The Company undertakes no assignment to amend any advanced account to accommodate the account to absolute after-effects or changes in the Company’s expectations.
Investor Relations and Public Relations Contact:Melinda C. EllsworthKaiser Aluminum Corporation(949) 614-1757
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