Alcoa Approves Dividend on Mandatory Convertible Preferred Stock
November 20 2015 - 1:52PM
Business Wire
Alcoa (NYSE:AA) today announced its Board of Directors declared
a dividend of $6.71875 per share on the outstanding 5.375% Class B
Mandatory Convertible Preferred Stock ("Class B Stock") payable on
January 1, 2016 to shareholders of record of the Class B Stock at
the close of business on December 15, 2015. The dividend on the
Class B Stock is equivalent to a dividend of $0.671875 per
Depositary Share (each Depositary Share representing a 1/10th
interest in a share of Class B Stock).
About Alcoa
A global leader in lightweight metals technology, engineering
and manufacturing, Alcoa innovates multi-material solutions that
advance our world. Our technologies enhance transportation, from
automotive and commercial transport to air and space travel, and
improve industrial and consumer electronics products. We enable
smart buildings, sustainable food and beverage packaging, high
performance defense vehicles across air, land and sea, deeper oil
and gas drilling and more efficient power generation. We pioneered
the aluminum industry over 125 years ago, and today, our
approximately 60,000 people in 30 countries deliver value-add
products made of titanium, nickel and aluminum, and produce
best-in-class bauxite, alumina and primary aluminum products. For
more information, visit www.alcoa.com, follow @Alcoa on Twitter at
www.twitter.com/Alcoa and follow us on Facebook at
www.facebook.com/Alcoa.
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version on businesswire.com: http://www.businesswire.com/news/home/20151120005863/en/
AlcoaInvestorsNahla Azmy,
212-836-2674Nahla.Azmy@alcoa.comorMediaMonica Orbe,
212-836-2632Monica.Orbe@alcoa.com
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