Howmet Aerospace Board Approves Common and Preferred Stock Dividends

Rhea-AI Summary

Howmet Aerospace Inc. (NYSE:HWM) has announced dividend payments for both its Common Stock and Class A Stock. The Board of Directors declared a dividend of 8 cents per share on the Common Stock, payable on August 26, 2024, to shareholders of record as of August 9, 2024. Additionally, a dividend of 93.75 cents per share was declared on the $3.75 Cumulative Preferred Stock (Class A Stock), to be paid on October 1, 2024, to shareholders of record as of September 13, 2024. This announcement demonstrates Howmet Aerospace's commitment to returning value to its shareholders through regular dividend distributions.

Positive

• Declared dividend of $0.08 per share for Common Stock
• Declared dividend of $0.9375 per share for Class A Stock
• Consistent dividend payments indicate financial stability

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- The Board of Directors of Howmet Aerospace Inc. (NYSE:HWM) declared (a) a dividend of 8 cents per share on the outstanding Common Stock of the Company, to be paid on August 26, 2024 to the holders of record of the Common Stock at the close of business on August 9, 2024; 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 October 1, 2024 to the holders of record of the Class A Stock at the close of business on September 13, 2024.

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 approximately 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.

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/20240730266677/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) Common Stock?

Howmet Aerospace (HWM) declared a dividend of 8 cents per share on its Common Stock.

When will Howmet Aerospace (HWM) pay its Common Stock dividend?

Howmet Aerospace (HWM) will pay its Common Stock dividend on August 26, 2024.

What is the record date for Howmet Aerospace's (HWM) Common Stock dividend?

The record date for Howmet Aerospace's (HWM) Common Stock dividend is August 9, 2024.

How much is the dividend for Howmet Aerospace's (HWM) Class A Stock?

Howmet Aerospace (HWM) declared a dividend of 93.75 cents per share on its Class A Stock ($3.75 Cumulative Preferred Stock).

When is the payment date for Howmet Aerospace's (HWM) Class A Stock dividend?

The payment date for Howmet Aerospace's (HWM) Class A Stock dividend is October 1, 2024.