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KAISER ALUMINUM DECLARES DIVIDENDS ON PREFERENCE STOCKS

 KAISER ALUMINUM DECLARES DIVIDENDS ON PREFERENCE STOCKS
 OAKLAND, Calif., Jan. 22 /PRNewswire/ -- Kaiser Aluminum & Chemical Corp., the operating subsidiary of Kaiser Aluminum Corp. (NYSE: KLU), today declared regular quarterly dividends on the company's preference stocks.
 The dividends, payable March 1, 1992, to shareowners of record Feb. 12, 1992, were declared as follows:
 $1.03-1/8 per share on the 4-1/8 percent cumulative convertible preference stock;
 $1.18-3/4 per share on the 4-3/4 percent cumulative convertible (1957 series) preference stock;
 $1.18-3/4 per share on the 4-3/4 percent cumulative convertible (1959 series) preference stock;
 $1.18-3/4 per share on the 4-3/4 percent cumulative convertible (1966 series) preference stock;
 $1.25 per share on the cumulative (1985 Series A) preference stock as to those shares which are held outside the company's employee stock ownership plans; and
 $1.25 per share on the cumulative (1985 Series B) preference stock as to those shares which are held outside the company's employee stock ownership plans.
 One of the world's leading aluminum companies, Kaiser Aluminum Corp., the parent of Kaiser Aluminum & Chemical Corp., is an 87 percent-owned subsidiary of MAXXAM Inc.
 -0- 1/22/92
 /CONTACT: Elizabeth M. Simon of Kaiser Aluminum Corp., 510-271-3313/
 (KLU) CO: Kaiser Aluminum & Chemical Corp.; Kaiser Aluminum Corp. ST: California IN: MNG SU: DIV


DG -- SF006 -- 2391 01/22/92 14:23 EST
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Publication:PR Newswire
Date:Jan 22, 1992
Words:229
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