Howmet Aerospace Board Approves Preferred Stock Dividends

Rhea-AI Summary

Howmet Aerospace (NYSE:HWM) Declares Dividend of 93.75 Cents per Share for Class A Stock

Positive

• The declaration of a dividend for the Class A Stock demonstrates the company's commitment to rewarding its shareholders.
• The dividend of 93.75 cents per share indicates a stable financial position and consistent performance of Howmet Aerospace.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- 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, 2024 to the holders of record of the Class A Stock at the close of business on December 8, 2023.

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.

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/20231116388643/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 for its Class A Stock?

Howmet Aerospace has declared a dividend of 93.75 cents per share for its Class A Stock.

When will the dividend be paid to the holders of record of the Class A Stock?

The dividend will be paid on January 1, 2024, to the holders of record of the Class A Stock at the close of business on December 8, 2023.