Kaiser Aluminum Corporation (KALU) will raise its quarterly dividend by ten percent to $0.55 per share in the first quarter of 2018. Last year the dividend was hiked by 11.1 percent.

The dividend will be payable on February 15, 2018 to shareholders of record as of the close of business on January 26, 2018.

“The Board’s decision to authorize an increase in the quarterly dividend reflects confidence in the long-term outlook for our business and opportunities to continue to create value for our shareholders,” said Jack A. Hockema, Chairman and CEO. “Over the past 10 years we have invested more than $600 million to expand capacity, enhance product quality and improve manufacturing cost efficiency while, during the same period we have returned more than $600 million to shareholders through quarterly dividends and a disciplined share repurchase program. Looking-ahead, our strong balance sheet and cash flow generation is expected to support further investments in organic and inorganic growth and continued returns of cash to shareholders,” stated Mr. Hockema.

Kaiser Aluminum Corporation is a producer of semi-fabricated specialty aluminum mill products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, general engineering, and custom automotive and industrial applications. The Company's fabricated aluminum mill products include flat-rolled (plate and sheet), extruded (rod, bar, hollows and shapes), drawn (rod, bar, pipe and tube) and cast aluminum products.