Alcoa Inc (NYSE:AA) Announces Dividend To Preferred Stock Owners


Dallas, Texas 12/13/2013 (FINANCIALSTRENDS) – Alcoa Inc (NYSE:AA) is a $10 billion market capped basic metals player which has emerged as a global aluminium manufacturer. The firm is being seen to have firmly put its back to its indifferent performance over the previous year and move ahead as its stock market performance indicates over the past year indicates.

In order to show its appreciation to its preferred share holders for their backing in the tough times the board of Alcoa Inc (NYSE:AA) have announced that they will be paying out $0.9375 quarterly dividend per share to its $3.75 preferred stock share holders. The dividend will be paid out on the first of next year to all share holders on record as of December 11.

Alcoa Inc (NYSE:AA) has been in operations since 1888 and has its HQ in New York.  It has its operations centred on four separate business segments. These are “Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions”. The firm owns mines and smelting units across various countries like “United States, Australia, Spain, Brazil, the Netherlands, Norway, France, the Russian Federation, Hungary, Italy, the United Kingdom, China, and Germany”.

Stock Performance

Over the past one year Alcoa Inc (NYSE:AA) has paid out dividend of $0.12 per share which translates to a 1.28 percent dividend yield. It has managed to post sales of $23.35 billion per share and posted net income of $296 million in the same 12 month period. The share holders have also seen their investment valuations go up by close to 16 percent in the past 180 days thus turning out to be a performing stock this past year in comparison to loss in valuation they had faced in FY12.  The firm had reported solid results from its 3Q results early last month and ever since investors have been bullish on the stock.

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