NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) today announced that its Board of Directors declared a dividend of $7.53993 per share on the outstanding 5.375% Class B Mandatory Convertible Preferred Stock Series 1 (equivalent to $0.753993 per Depositary Share) payable on January 1, 2015 to shareholders of record of the Mandatory Convertible Preferred Stock at the close of business on December 15, 2014. The dividend is for the initial dividend period beginning on September 22, 2014 and ending on December 31, 2014.
A global leader in lightweight metals technology, engineering and manufacturing, Alcoa innovates multi-material solutions that advance our world. Our technologies enhance transportation, from automotive and commercial transport to air and space travel, and improve industrial and consumer electronics products. We enable smart buildings, sustainable food and beverage packaging, high-performance defense vehicles across air, land and sea, deeper oil and gas drilling and more efficient power generation. We pioneered the aluminum industry over 125 years ago, and today, our approximately 62,000 people in 30 countries deliver value-add products made of titanium, nickel and aluminum, and produce best-in-class bauxite, alumina and primary aluminum products. For more information, visit www.alcoa.com, follow @Alcoa on Twitter at www.twitter.com/Alcoa and follow us on Facebook at www.facebook.com/Alcoa.