Noranda CEO predicts rise in LME aluminium price

Noranda, along with its results, also declared that its Board of Directors has declared a regular quarterly dividend of $0.01 per share which will be paid on June 10, 2015 to shareholders of record as of May 18, 2015.

The Board intends to maintain this dividend in all the future quarters on a regular basis however, it will obviously depend on the financial condition of the company. The ups and downs of the company will be directly reflected in the dividends which may vary in amounts or not be declared at all.

The CEO of Noranda, Kip Smith also mentioned during the company’s first quarter 2015 earnings call that aluminium prices are likely to rise “appropriately” as the U.S. aluminium premiums continues to fall.

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