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Howmet Aerospace Board Approves Preferred Stock Dividend

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Howmet Aerospace (NYSE:HWM) declared a dividend of 93.75 cents per share on its $3.75 Cumulative Preferred Stock. This dividend is scheduled for payment on January 1, 2021, to shareholders of record as of December 11, 2020. With a robust portfolio in aerospace components and over $7 billion in annual revenue reported in 2019, Howmet continues to focus on delivering engineered solutions for the aerospace and transportation sectors.

Positive
  • Declared a dividend of 93.75 cents per share, indicating strong cash flow.
  • Consistent revenue stream with over $7 billion reported in 2019.
Negative
  • None.

PITTSBURGH--()--The Board of Directors of Howmet Aerospace (NYSE:HWM), 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, 2021 to the holders of record of the Class A Stock at the close of business on December 11, 2020.

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 1,200 granted and pending patents, the Company’s differentiated technologies enable lighter, more fuel-efficient aircraft to operate with a lower carbon footprint. In 2019, the businesses of Howmet Aerospace reported annual revenue of over $7 billion. 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.

Contacts

Investor Contact
Paul T. Luther
(412) 553-1950
Paul.Luther@howmet.com

Media Contact
Paul Erwin
(412) 553-2666
Paul.Erwin@howmet.com

FAQ

What is the dividend amount for Howmet Aerospace in 2021?

The dividend amount declared is 93.75 cents per share.

When will Howmet Aerospace pay its dividend?

The dividend will be paid on January 1, 2021.

Who is eligible for the dividend from Howmet Aerospace?

Holders of record as of December 11, 2020, will be eligible.

What is the significance of the cumulative preferred stock dividend?

It reflects the company's commitment to returning value to shareholders.

Howmet Aerospace Inc

NYSE:HWM

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56.07B
400.04M
1.06%
93.5%
2.25%
Aerospace & Defense
Rolling Drawing & Extruding of Nonferrous Metals
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United States
PITTSBURGH