Howmet Aerospace Board Approves Quarterly Dividends

Rhea-AI Summary

The Board of Directors of Howmet Aerospace (NYSE:HWM) has declared a dividend of 2 cents per share for Common Stock, payable on August 25, 2022, to shareholders on record as of August 5, 2022. Additionally, a dividend of 93.75 cents per share for $3.75 Class A Cumulative Preferred Stock will be paid on October 1, 2022, to record holders as of September 9, 2022. This decision reflects the company’s commitment to return value to its shareholders.

Positive

• Declared a dividend of 2 cents per share for Common Stock.
• Declared a dividend of 93.75 cents per share for Class A Cumulative Preferred Stock.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- The Board of Directors of Howmet Aerospace (NYSE:HWM) declared (a) a dividend of 2 cents per share on the outstanding Common Stock of the Company, to be paid on August 25, 2022, to the holders of record of the Common Stock at the close of business on August 5, 2022; and (b) 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 October 1, 2022 to the holders of record of the Class A Stock at the close of business on September 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 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/20220720005044/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 has declared a dividend of 2 cents per share for Common Stock and 93.75 cents per share for Class A Cumulative Preferred Stock.

When will the dividends be paid to shareholders of Howmet Aerospace (HWM)?

The dividend for Common Stock will be paid on August 25, 2022, and for Class A Cumulative Preferred Stock on October 1, 2022.

What is the record date for the Common Stock dividend of Howmet Aerospace (HWM)?

The record date for the Common Stock dividend is August 5, 2022.

What is the record date for the Class A Cumulative Preferred Stock dividend of Howmet Aerospace (HWM)?

The record date for the Class A Cumulative Preferred Stock dividend is September 9, 2022.