Alcoa Declares Dividend on Mandatory Convertible Preferred Stock

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).... Read more

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