Kaiser Aluminum Hikes DividendMonday, January 14, 2013
Foothill Ranch-based Kaiser Aluminum Corp. has increased its quarterly cash dividend to 30 cents per share from 25 cents in the previous payment.
The payment is scheduled for Feb. 15.
The company makes specialty aluminum products for aerospace, engineering, as well as automotive and industrial applications.
The company’s stock price fell less than 1% in trading today, closing with a market value of about $1.22 billion.
Kaiser Aluminum had about $1.05 billion in revenue for the first nine months of last year. Profit for the same period was $76.7 million. It’s expected to report its fourth-quarter and annual results on Feb. 11.
The company has been paying quarterly dividends since 2007, and has paid out about $170 million total. The per-share amount for Kaiser Aluminum’s dividends has increased about 67% over the six-year span.