FOOTHILL RANCH, Calif., April 17, 2017 (GLOBE NEWSWIRE) — Kaiser Aluminum Corporation (NASDAQ:KALU) today appear that its Lath of Admiral has declared a anniversary banknote allotment of $0.50 per allotment on the Company’s outstanding accepted stock. The allotment will be payable on May 15, 2017 to shareholders of almanac as of the aing of business on April 27, 2017.
In addition, the Lath of Admiral accustomed an added $100 actor for allotment repurchases. Including the bulk accessible beneath the antecedent authorization, as of April 17, 2017 the absolute accessible for approaching allotment repurchases beneath the affairs was $149 million.
“We abide to see able advance trends for our aerospace and automotive applications and convalescent appeal for accepted engineering applications. The amoebic investments we accept fabricated to advance accomplishment efficiencies, aggrandize accommodation and enhance affection accept added adequate our aggressive position and adeptness to drive balance advance in the years ahead” said Jack A. Hockema, Chairman and CEO. “The 11% access in our anniversary allotment appear beforehand this year, forth with the $100 actor access in our allotment repurchase authorization, underscores our aplomb in the absolute abiding angle for our business,” 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 Company’s adeptness to accomplish sales advance for aerospace, automotive and accepted engineering applications, (b) changes in bread-and-er or aluminum industry business altitude generally, including supply, appeal and acclaim altitude and altitude in the markets served by the Company, including aerospace, defense, accepted engineering, automotive, administration and added markets; (c) 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; (d) the Company’s adeptness to auspiciously assassinate its action to advance a bargain position, accommodate aerial affection differentiated articles and above chump experience; (e) 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 (f) 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, 2016. 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.
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