October 19, 2016 04:23 PM Eastern Daylight Time
NEW YORK–(BUSINESS WIRE)–On September 29, 2016, the Board of Directors (the “Board”) of Alcoa Inc. (NYSE:AA) (the “Company”) declared a quarterly common stock dividend of 9 cents per share, payable on November 25, 2016, to holders of record as of the close of business on November 4, 2016.The Company’s separation into two publicly-traded companies is scheduled to occur on November 1, 2016. For administrative reasons related to the separation and distribution on November 1st, the Board has revised the record date for the November 25, 2016 dividend, by moving it from November 4 to November 11, 2016. Accordingly, the November 25, 2016 dividend will now be payable to shareholders of record at the close of business on November 11, 2016.
Upon separation, Alcoa Inc. will be renamed Arconic Inc. The quarterly common stock dividend declared by Alcoa Inc. will be paid on November 25, 2016 by Arconic Inc.
Following the separation, the boards of directors of Arconic and Alcoa Corporation will review and determine the dividend policy of each company.
Arconic’s shares of common stock will trade under the symbol ARNC.
Dissemination of Company Information
Alcoa intends to make future announcements regarding Company developments and financial performance through its website at www.alcoa.com.
