Alcoa (AA) Approves Quarterly Dividends
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September 29, 2016 5:24 PM EDT
NEW YORK--(BUSINESS WIRE)--
The Board of Directors (the Board) of Alcoa Inc. (NYSE: AA) today
declared dividends on its $3.75 cumulative preferred stock (Class A
Stock) and on its common stock.
The dividend declared on the Class A Stock is 93.75 cents per share of
Class A Stock, payable January 1, 2017, to holders of record of the
Class A Stock at the close of business on December 9, 2016.
Earlier this year, Alcoa announced plans to undertake a reverse stock
split of Alcoa common stock at a ratio of 1 for 3 and a proportionate
reduction in the... More
September 29, 2016 4:40 PM EDT
Separation Date to be November 1, 2016
Distribution Ratio of Alcoa Corporation Common Stock Set
NEW YORK--(BUSINESS WIRE)--
Alcoa Inc. (NYSE: AA) announced today that its Board of Directors has
approved the completion of the Companys separation into two
independent, publicly-traded companies. Arconic will be a leading global
provider of high-performance materials and engineered products to the
aerospace, automotive and other growth industries, positioned for
profitable growth. Alcoa Corporation will be a globally-competitive
industry leader in bauxite, alumina and aluminum products, positioned to
succeed... More
