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KAISER ALUMINUM DECLARES DIVIDEND ON PREMIUM DIVIDEND PREFERRED STOCK

 HOUSTON, Aug. 31 /PRNewswire/ -- Kaiser Aluminum Corp. (NYSE: KLU) announced today that it has declared a quarterly dividend of $1.625 per share on the company's Series A Mandatory Conversion Premium Dividend Preferred Stock. The dividend is equivalent to $0.1625 for each $0.65 Depositary share, which represents ownership of one-tenth of a share of Series A Mandatory Conversion Premium Dividend Preferred Stock.
 The dividend is payable Sept. 30, 1993, to stockholders of record at the close of business on Sept. 15, 1993.
 Kaiser Aluminum Corp. is one of the world's leading producers of alumina, primary aluminum and fabricated aluminum products, and is a major supplier of alumina and primary aluminum in the domestic and international markets. MAXXAM Inc. (AMEX: MXM) owns approximately 68 percent of Kaiser.
 -0- 8/31/93
 /CONTACT: Scott Lamb of Kaiser Aluminum, 713-267-3826/
 (MXM KLU)


CO: Kaiser Aluminum Corp.; MAXXAM Inc. ST: Texas IN: MNG SU: DIV

TM -- SF011 -- 7593 08/31/93 15:04 EDT
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Publication:PR Newswire
Date:Aug 31, 1993
Words:162
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