Howmet Aerospace Board Approves Preferred Stock Dividend

Rhea-AI Summary

Howmet Aerospace (NYSE:HWM) declared a dividend of 93.75 cents per share on its $3.75 Cumulative Preferred Stock. This payment will be made on April 1, 2021 to shareholders recorded by the close of business on March 12, 2021. The company, located in Pittsburgh, is a leader in advanced engineered solutions for aerospace and transportation, focusing on jet engine components and aerospace fastening systems. With a strong patent portfolio, Howmet aims for more fuel-efficient aircraft and lower carbon emissions.

Positive

• Dividend of 93.75 cents per share declared.
• Payment date of April 1, 2021 boosts investor returns.

Negative

• None.

The Board of Directors of Howmet Aerospace (NYSE:HWM) today declared 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, 2021 to the holders of record of the Class A Stock at the close of business on March 12, 2021.

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 titanium structural parts necessary for mission-critical performance and efficiency in aerospace and defense applications, as well as forged wheels for commercial transportation. With nearly 1,150 granted and pending patents, the Company’s differentiated technologies enable lighter, more fuel-efficient aircraft 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/20210209006229/en/

FAQ

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

The dividend amount declared by Howmet Aerospace (HWM) is 93.75 cents per share.

When will the dividend for Howmet Aerospace (HWM) be paid?

The dividend will be paid on April 1, 2021.

What is the record date for the Howmet Aerospace (HWM) dividend?

The record date for the dividend is March 12, 2021.

How does the dividend payment impact Howmet Aerospace (HWM) shareholders?

The dividend payment provides a direct income benefit to HWM shareholders.

What is the significance of the preferred stock dividend for Howmet Aerospace (HWM)?

The preferred stock dividend indicates the company's commitment to returning value to shareholders.