Kaiser Aluminum Corporation (KALU) will raise its quarterly dividend to $0.50 per share.

The dividend will be payable on February 15, 2017 to shareholders of record as of the close of business on January 27, 2017.

"The increase in the quarterly dividend reflects our continued confidence in the long-term outlook for our business and the end markets we serve," said Jack A. Hockema, CEO and Chairman. "We have a built a solid platform from which to drive continued sales growth particularly in our aerospace and automotive applications, and our investments to improve manufacturing cost efficiency serve to further strengthen our competitive position and enhance opportunities to create long-term value for our shareholders," stated Mr. Hockema.

Kaiser Aluminum Corporation is a producer of semi-fabricated specialty aluminum products, serving customers worldwide with solutions for aerospace and high-strength, general engineering, and custom automotive and industrial applications.