Alcoa has paid a quarterly dividend to shareholders for over 60 years, and that tradition continued today, as the Board of Directors again declared a dividend for the aluminum producer.
This quarter a dividend of 3 cents a common share was declared for shareholders of record at the close of business on August 6, 2010, which will be payable on August 25, 2010.
A quarterly dividend will also be paid on Alcoa's $3.75 cumulative preferred stock, in that case 93.75 cents a share for shareholders of record at the close of business on September 10, 2010, and payable on October 1, 2010.
Alcoa continues to struggle as aluminum demand remains depressed, although they are projecting about a 10 percent increase in demand going forward.
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