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 on its Common Stock, payable on February 27, 2023, to shareholders on record as of February 10, 2023. Additionally, a dividend of 93.75 cents per share will be distributed on its $3.75 Cumulative Preferred Stock (Class A Stock) on April 1, 2023, to holders of record at close of business on March 10, 2023. This reflects the company's commitment to returning value to shareholders while supporting its operations in the aerospace and transportation sectors.

Positive

• Declaration of dividend of 4 cents per share on Common Stock.
• Declaration of dividend of 93.75 cents per share on Cumulative Preferred Stock.
• Commitment to returning value to shareholders.

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 February 27, 2023, to the holders of record of the Common Stock at the close of business on February 10, 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 April 1, 2023 to the holders of record of the Class A Stock at the close of business on March 10, 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/20230127005273/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 announced by Howmet Aerospace in January 2023?

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

When will Howmet Aerospace pay the dividend on Common Stock?

The dividend on Common Stock will be paid on February 27, 2023, to shareholders on record as of February 10, 2023.

What is the payment date for the Cumulative Preferred Stock dividend?

The dividend on Cumulative Preferred Stock will be paid on April 1, 2023, to holders on record as of March 10, 2023.

What is the ticker symbol for Howmet Aerospace?

The ticker symbol for Howmet Aerospace is HWM.

How is Howmet Aerospace performing in its dividend payments?

Howmet Aerospace is maintaining its dividend payments, indicating confidence in its cash flow and business performance.