Kaiser Aluminum Declares Initial Quarterly Dividend of 18 Cents Per Share

Aluminum producer Kaiser Aluminum Corp. on Wednesday declared an initial quarterly dividend of 18 cents per share.

The company will pay the dividend on Aug. 17 to shareholders of record on July 27.

Kaiser Aluminum said the move reflects its confidence in its financial strength.

Shares of the company shed 87 cents to $72.12 in morning trading.