Noranda Aluminum Holding Corporation announced that its Board of Directors has declared a regular quarterly cash dividend of USD 0.03 per common share to be paid on November 22nd 2011 to shareholders of record as of November 14th 2011.

The Board anticipates declaring this dividend in future quarters on a regular basis however, changes in the Company's financial condition and cash needs could result in dividends being declared in different amounts or not at all.

In addition, Noranda's Board of Directors has declared a supplemental cash dividend of USD 1.00 per common share also to be paid on November 22nd 2011 to shareholders of record as of November 14th 2011. Cash payments related to the regular and supplemental dividends will total approximately USD 71.0 million in aggregate.

Mr Layle K Smith president & CEO of Noranda said that "We believe this dividend structure strikes the right balance between maintaining a healthy amount of financial flexibility and providing current value to shareholders. We expect our strong cash flow generation capabilities, demonstrated across the commodity cycle, will continue to support our ability to proactively pursue strategic acquisitions, execute against our attractive portfolio of capital investment projects and prudently provide shareholders with meaningful cash returns."