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, scheduled for payment on January 1, 2023. Shareholders registered by the close of business on December 9, 2022 will receive this dividend. The company, based in Pittsburgh, Pennsylvania, provides advanced engineered solutions for the aerospace and transportation sectors, focusing on jet engine components and aeronautical fastening systems.

Positive

• Dividend of 93.75 cents per share indicates strong cash flow and return of income to preferred shareholders.
• Company maintains leadership in aerospace solutions with nearly 1,150 patents, enhancing competitive advantage.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- 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 January 1, 2023 to the holders of record of the Class A Stock at the close of business on December 9, 2022.

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/20221117005251/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 declared by Howmet Aerospace?

Howmet Aerospace declared a dividend of 93.75 cents per share.

When is the dividend payment date for Howmet Aerospace?

The dividend payment date is January 1, 2023.

Who is eligible to receive the dividend from Howmet Aerospace?

Holders of record of the Class A Stock as of the close of business on December 9, 2022, are eligible.