Howmet Aerospace Board Approves Common and Preferred Stock Dividends

Rhea-AI Summary

The Board of Directors of Howmet Aerospace (NYSE:HWM) has declared a dividend of 4 cents per share for its Common Stock, scheduled for payment on May 25, 2023, to shareholders on record as of May 5, 2023. Additionally, a dividend of 93.75 cents per share will be issued for its $3.75 Cumulative Preferred Stock, payable on July 1, 2023, to holders on record by June 9, 2023. Howmet Aerospace, based in Pittsburgh, Pennsylvania, specializes in engineered solutions for the aerospace and transportation industries, focusing on jet engine components and aerospace fastening systems. The company holds nearly 1,150 patents aimed at improving aircraft efficiency and reducing environmental impact.

Positive

• Declared a dividend of 4 cents per share for Common Stock.
• Announced a dividend of 93.75 cents per share for Cumulative Preferred Stock.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- The Board of Directors of Howmet Aerospace (NYSE:HWM) declared (a) a dividend of 4 cents per share on the outstanding Common Stock of the Company, to be paid on May 25, 2023, to the holders of record of the Common Stock at the close of business on May 5, 2023; and (b) a dividend of 93.75 cents per share on the outstanding $3.75 Cumulative Preferred Stock (“Class A Stock”) of the Company, to be paid on July 1, 2023 to the holders of record of the Class A Stock at the close of business on June 9, 2023.

About Howmet Aerospace

Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. The Company’s primary businesses focus on jet engine components, aerospace fastening systems, and airframe structural components necessary for mission-critical performance and efficiency in aerospace and defense applications, as well as forged aluminum wheels for commercial transportation. With nearly 1,150 granted and pending patents, the Company’s differentiated technologies enable lighter, more fuel-efficient aircraft and commercial trucks to operate with a lower carbon footprint. For more information, visit www.howmet.com. Follow: LinkedIn, Twitter, Instagram, Facebook, and YouTube.

Dissemination of Company Information

Howmet Aerospace intends to make future announcements regarding Company developments and financial performance through its website at www.howmet.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230421005076/en/

Investor Contact

Paul T. Luther

(412) 553-1950

Paul.Luther@howmet.com



Media Contact

Rob Morrison

(412) 553-2666

Rob.Morrison@howmet.com

Source: Howmet Aerospace Inc.

FAQ

What is the dividend amount for Howmet Aerospace (HWM)?

Howmet Aerospace declared a dividend of 4 cents per share for Common Stock and 93.75 cents per share for Cumulative Preferred Stock.

When will Howmet Aerospace pay dividends?

The dividend for Common Stock will be paid on May 25, 2023, and for Cumulative Preferred Stock on July 1, 2023.

What are the record dates for the upcoming dividends of Howmet Aerospace (HWM)?

The record date for Common Stock is May 5, 2023, and for Cumulative Preferred Stock, it is June 9, 2023.