Howmet Aerospace Board Approves Preferred Stock Dividends

Rhea-AI Summary

Howmet Aerospace (NYSE:HWM) announced that its Board of Directors has approved a dividend of $0.9375 per share on the company's $3.75 Cumulative Preferred Stock (Class A Stock). The dividend will be paid on January 1, 2025, to shareholders of record as of the close of business on December 13, 2024.

Positive

• Regular dividend payment indicates financial stability
• Maintenance of preferred stock dividend commitment

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- The Board of Directors of Howmet Aerospace Inc. (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, 2025, to the holders of record of the Class A Stock at the close of business on December 13, 2024.

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 approximately 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/20241121112480/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 for Howmet Aerospace's (HWM) preferred stock in January 2025?

Howmet Aerospace declared a dividend of 93.75 cents per share on its $3.75 Cumulative Preferred Stock.

When is the record date for Howmet Aerospace's (HWM) preferred stock dividend?

The record date for Howmet Aerospace's preferred stock dividend is December 13, 2024.

When will Howmet Aerospace (HWM) pay its next preferred stock dividend?

Howmet Aerospace will pay its preferred stock dividend on January 1, 2025.

What class of stock is receiving the Howmet Aerospace (HWM) dividend?

The dividend is for Howmet Aerospace's $3.75 Cumulative Preferred Stock (Class A Stock).