Howmet Aerospace Board Approves Common and Preferred Stock Dividends

Rhea-AI Summary

The Board of Directors of Howmet Aerospace Inc. (HWM) has approved dividends for its Common Stock and Preferred Stock. A dividend of 5 cents per share on Common Stock will be paid on May 28, 2024, and a dividend of 93.75 cents per share on $3.75 Cumulative Preferred Stock will be paid on July 1, 2024.

PITTSBURGH--(BUSINESS WIRE)-- The Board of Directors of Howmet Aerospace Inc. (NYSE:HWM) declared (a) a dividend of 5 cents per share on the outstanding Common Stock of the Company, to be paid on May 28, 2024 to the holders of record of the Common Stock at the close of business on May 10, 2024; and (b) a divided 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, 2024 to the holders of record of the Class A Stock at the close of business on June 14, 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/20240426422072/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 dividends were approved by Howmet Aerospace's Board of Directors for Common Stock and Preferred Stock?

The Board approved a dividend of 5 cents per share for Common Stock and 93.75 cents per share for $3.75 Cumulative Preferred Stock.

When will the dividend for Common Stock be paid?

The dividend for Common Stock will be paid on May 28, 2024.

When will the dividend for Preferred Stock be paid?

The dividend for Preferred Stock will be paid on July 1, 2024.

What is the record date for the Common Stock dividend?

The record date for the Common Stock dividend is May 10, 2024.

What is the record date for the Preferred Stock dividend?

The record date for the Preferred Stock dividend is June 14, 2024.