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FRANKLIN, Tenn. - Kaiser Aluminum Corporation (NASDAQ:KALU), a prominent manufacturer of specialty aluminum products, has declared a quarterly cash dividend of $0.77 per share, maintaining its impressive 19-year streak of consistent dividend payments. With a current dividend yield of 5.6%, the company offers significant returns to shareholders. This dividend is scheduled for payment on May 15, 2025, to shareholders who are on record by the close of business on April 25, 2025.
The company, with its headquarters in Franklin, Tennessee, is known for its production of semi-fabricated specialty aluminum products. These products are designed to meet the needs of a diverse set of industries, including aerospace, automotive, packaging, and general engineering. According to InvestingPro data, Kaiser Aluminum maintains strong liquidity with a current ratio of 2.44, though it operates with significant debt. The company generates annual revenue of $3 billion while operating facilities across North America, focusing on delivering high-quality plate, sheet, coil, extrusions, rod, bar, tube, and wire products.
Kaiser Aluminum has been a part of the industry since 1946, building a reputation for innovation, quality, and service. The company’s shares are traded on the NASDAQ and are also included in the Russell 2000® index and the S&P Small Cap 600® index.
Investors and those interested in the company’s financial performance can access a wealth of information on Kaiser Aluminum’s website, which features SEC filings, investor events, earnings releases, and quarterly earnings call webcasts. This information is provided to keep shareholders and potential investors informed about the company’s operations and financial health. With the next earnings report due on April 24, 2025, InvestingPro subscribers can access additional insights through exclusive ProTips and detailed financial metrics to make more informed investment decisions.
It should be noted that the press release from Kaiser Aluminum contains forward-looking statements which involve risks and uncertainties. These statements are based on management’s current expectations and projections and could differ materially from actual results. Factors that could cause such differences include economic conditions, industry challenges, and other risks detailed in the company’s SEC filings.
The announcement of the dividend is based on a press release statement and reflects the company’s current financial position and its board of directors’ assessment of its ability to return value to its shareholders.
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