Kaiser Aluminum Declares $0.77 Quarterly Dividend Amid Record Results
Kaiser Aluminum Corporation (NASDAQ: KALU) declared a quarterly cash dividend of $0.77 per share on April 13, 2026. The specialty aluminum producer announced the payout alongside record first-quarter results.
Kaiser Aluminum Corporation (NASDAQ: KALU), a producer of semi-fabricated specialty aluminum products for aerospace, packaging, and automotive applications, declared a quarterly cash dividend of $0.77 per share on April 13, 2026. The dividend will be paid on May 15, 2026 to shareholders of record as of April 24, 2026. Read more dividend announcements.
The Franklin, Tennessee-based company announced the dividend as it reported record first-quarter 2026 financial results. Net sales reached $1.1 billion with conversion revenue of $404 million. Net income totaled $63 million, or $3.71 per diluted share.
| Dividend Details | |
|---|---|
| Amount | $0.77 per share |
| Record Date | April 24, 2026 |
| Payment Date | May 15, 2026 |
| Frequency | Quarterly |
First Quarter Financial Performance
The company reported adjusted EBITDA of $129 million with an adjusted EBITDA margin of 31.8% for the first quarter. Shipments totaled 294 million pounds, up from 276 million pounds in the same period last year. Net sales per pound reached $3.76, compared to $2.82 in the prior-year quarter.
Kaiser Aluminum's net debt leverage ratio improved to 2.8x as of March 31, 2026, down from 3.4x at December 31, 2025. The company held total liquidity of $596 million, consisting of $30 million in cash and cash equivalents and $566 million in borrowing availability under its revolving credit facility. No borrowings were outstanding under the facility as of quarter-end.
Chairman, President and Chief Executive Officer Keith A. Harvey attributed the results to a higher-value packaging mix, improving aerospace demand, widening scrap spreads, and strong customer activity across all end markets, supplemented by metal lag gains.
Capital Allocation and Outlook
The company's first-quarter adjusted EBITDA and cash on hand funded $25 million of working capital, $19 million of capital investments, $10 million of interest payments, and $14 million returned to stockholders through quarterly dividends.
Kaiser Aluminum raised its full-year 2026 outlook, now expecting conversion revenue to improve by 10% to 15% and adjusted EBITDA to improve by 20% to 30% year-over-year. The company cited stronger demand, favorable pricing, improved mix within packaging operations, and consistent execution across its portfolio as drivers of the revised guidance.