06 MAY 2016Alcoa Press Release
Alcoa declares dividend on mandatory convertible preferred stock
Edited by : AL CIRCLE
1 min read
The Board of Directors of Alcoa today declared a dividend of $6.71875 per share on Alcoa’s 5.375 per cent 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).
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).
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