Alcoa Announces Dividend.Business Editors PITTSBURGH--(BUSINESS WIRE)--April 11, 2003 The Board of Directors of Alcoa Alcoa U.S. company, the world's largest producer of aluminum. Established in Pittsburgh, Pa., in 1888, it adopted the name Aluminum Co. of America in 1907. Alcoa introduced aluminum foil in 1910 and found uses for aluminum in the emerging aviation and automobile industries. (NYSE NYSE See: New York Stock Exchange :AA) today declared a quarterly common stock dividend of 15 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. payable May 25, 2003 to shareholders of record at the close of business on May 2, 2003. Alcoa has paid a quarterly dividend on its common stock for more than 60 years. The directors also declared a quarterly dividend of 93.75 cents per share on Alcoa's $3.75 cumulative preferred stock Cumulative preferred stock Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock. payable July 1, 2003 to shareholders of record at the close of business on June 13, 2003. |
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