Howmet Aerospace hikes dividend by 25% to $0.05 quarterly per share
On September 28, 2023, Howmet Aerospace (HWM), formerly known as Arconic and Alcoa, hiked the dividend by 25% to $0.05 quarterly per share. This follows a dividend hike of 100% announced by HWM in 2022. The dividend yield is 0.4% at a stock price of $46.25. The Board of Directors of Howmet Aerospace declared a quarterly dividend of 5 cents per share on the outstanding Common Stock of the Company, to be paid on November 27, 2023, to the holders of record of the Common Stock at the close of business on November 10, 2023. The quarterly dividend represents a 25% increase from the third quarter 2023 dividend of 4 cents per share. The next ex-dividend date is November 8, 2023. Howmet Aerospace, formerly Arconic Inc., is a manufacturer of aluminum, titanium, and nickel used in aerospace, automotive, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. Howmet generates most of its sales in the United States an