Alcoa Corporation (ASX:AAI – Get Free Report) insider Alistair Field acquired 5,690 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of A$40.94 ($26.24) per share, with a total value of A$232,948.60 ($149,326.03).
Alcoa Stock Performance
The company has a market cap of $9.41 billion, a price-to-earnings ratio of -29.54 and a beta of 2.43.
Alcoa Increases Dividend
The company also recently announced a Interim dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, June 5th will be paid a $0.109 dividend. The ex-dividend date of this dividend is Sunday, May 18th. This is an increase from Alcoa’s previous Interim dividend of $0.11. This represents a dividend yield of 0.25%. Alcoa’s dividend payout ratio is -3.30%.
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