Alcoa Corporation Declares Quarterly Cash Dividend

Rhea-AI Summary

Alcoa (NYSE: AA) has announced a quarterly cash dividend of $0.10 per share for both its common stock and Series A convertible preferred stock. The dividend will be paid on August 29, 2024, to stockholders of record as of the close of business on August 12, 2024. This announcement comes in connection with Alcoa's acquisition of Alumina , which is expected to close on August 1, 2024. The Series A convertible preferred stock, created as part of this acquisition, will be issued at the closing of the transaction.

Positive

• Alcoa is maintaining its dividend payment, signaling financial stability
• The company is expanding through the acquisition of Alumina

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company’s common stock and Series A convertible preferred stock, to be paid on August 29, 2024, to stockholders of record as of the close of business on August 12, 2024. In connection with the Company’s acquisition of Alumina Limited, the Series A convertible preferred stock was created and will be issued at the closing of that transaction, expected on August 1, 2024.

About Alcoa Corporation

Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integrity, operating excellence, care for people, and courageous leadership, our purpose is to Turn Raw Potential into Real Progress. Since developing the process that made aluminum an affordable and vital part of modern life, our talented Alcoans have developed breakthrough innovations and best practices that have led to greater efficiency, safety, sustainability, and stronger communities wherever we operate.

Dissemination of Company Information

Alcoa intends to make future announcements regarding company developments and financial performance through its website, www.alcoa.com, as well as through press releases, filings with the Securities and Exchange Commission, conference calls, and webcasts. The Company does not incorporate the information contained on, or accessible through, its corporate website into this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240729263728/en/

Investor Contact:

Jim Dwyer

412-992-5450

James.Dwyer@alcoa.com

Media Contact:

Courtney Boone

412-527-9792

Courtney.Boone@alcoa.com

Source: Alcoa

FAQ

What is the dividend amount for Alcoa (AA) stock?

Alcoa (NYSE: AA) has declared a quarterly cash dividend of $0.10 per share for both its common stock and Series A convertible preferred stock.

When is the ex-dividend date for Alcoa's (AA) latest dividend?

The press release does not specify the ex-dividend date. However, stockholders of record as of the close of business on August 12, 2024, will be eligible for the dividend payment.

When will Alcoa (AA) pay its next dividend?

Alcoa will pay its next quarterly dividend on August 29, 2024.

What is the significance of Alcoa's (AA) Series A convertible preferred stock?

The Series A convertible preferred stock is being created in connection with Alcoa's acquisition of Alumina It will be issued at the closing of the transaction, expected on August 1, 2024.