Howmet Aerospace Board Approves Preferred Stock Dividend

Rhea-AI Summary

The Board of Directors of Howmet Aerospace (NYSE:HWM) announced a dividend of 93.75 cents per share on its $3.75 Cumulative Preferred Stock. This dividend is set to be paid on July 1, 2022, to shareholders on record as of June 10, 2022.

Howmet Aerospace is a leading provider of engineered solutions for the aerospace industry, focusing on jet engine components and other crucial aerospace systems.

Positive

• Dividend of 93.75 cents per share reflects the company’s commitment to returning value to shareholders.

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• 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 July 1, 2022 to the holders of record of the Class A Stock at the close of business on June 10, 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/20220525005593/en/

Investor Contact

Paul T. Luther

(412) 553-1950

Paul.Luther@howmet.com

Media Contact

Paul Erwin

(412) 553-2666

Paul.Erwin@howmet.com

Source: Howmet Aerospace Inc.

FAQ

What is the dividend amount declared by Howmet Aerospace (HWM)?

Howmet Aerospace declared a dividend of 93.75 cents per share.

When will Howmet Aerospace's (HWM) dividend be paid?

The dividend will be paid on July 1, 2022.

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

The record date for the dividend is June 10, 2022.

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

The declared dividend demonstrates Howmet Aerospace's commitment to returning value to its shareholders.