Alcoa Declares Dividend on Mandatory Convertible Preferred Stock
May 05 2016 - 6:33PM
Business Wire
The Board of Directors of Alcoa (NYSE:AA) today declared a
dividend of $6.71875 per share on Alcoa’s 5.375% Class B Mandatory
Convertible Preferred Stock (“Class B Stock”) payable July 1, 2016
to holders of record of the Class B Stock at the close of business
on June 15, 2016. 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 58,000 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/20160505006789/en/
AlcoaInvestorMatthew Garth,
212-836-2714Matthew.Garth@alcoa.comorMediaMonica Orbe,
212-836-2632Monica.Orbe@alcoa.com
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