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[January 2010]
Alcoa Announces Dividend and Stock Contribution to Pension Plans
The Board of Directors of Alcoa (New York, USA) have declared (a) a quarterly common stock dividend of 3 cents per share payable 25 February 2010 to shareholders of record at the close of business on 5 February 2010 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock payable 1 April 2010 to shareholders of record at the close of business on 12 March 2010. Alcoa has paid a quarterly dividend on its common stock for more than 60 years.
In addition, a contribution was authorised of up to US$600 million in Alcoa common stock to the company’s defined benefit pension plans. The company expects to complete the contribution in the first quarter of 2010. The stock contribution will improve the funded status of Alcoa’s pension plans and provide financial flexibility.
ENDS