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Wednesday, April 15, 2009

Kaiser Aluminum (KALU) Announces $0.24 Quarterly Dividend Yielding 3.32%

Kaiser Aluminum Corporation (KALU) today announced that its Board of Directors has declared a quarterly cash dividend payment of $0.24 per share on the Company's outstanding common stock. The dividend will be payable on May 15, 2009 to shareholders of record at the close of business on April 27, 2009. Kaiser Aluminum also announced that it plans to release it first quarter 2009 financial and operating results on Wednesday, April 29, 2009 after the market closes.

My fair value on this stock is approx. $40.95 currently trading at $29.11. Up 30.24% ytd, next to nothing in debt this is a excellent aluminum play. I do own shares of Kalu, and do recommend this stock.

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