Arconic Declares Dividend on Class B Mandatory Convertible Preferred Stock

Mittwoch, 30.11.2016 22:15



NEW YORK --(BUSINESS WIRE)--

The Board of Directors of Arconic (NYSE: ARNC) today declared a dividend of $6.71875 per share on the Company’s outstanding 5.375% Class B Mandatory Convertible Preferred Stock (“Class B Stock”) payable January 1, 2017 to holders of record of the Class B Stock at the close of business on December 15, 2016.

The dividend on the Class B Stock is equivalent to a dividend of $0.671875 per Depositary Share (each Depositary Share representing a 1/10th interest in a share of the Class B Stock).

Dissemination of Company Information

Arconic intends to make future announcements regarding Company developments and financial performance through its website at www.arconic.com.

About Arconic

Arconic (NYSE: ARNC) creates breakthrough products that shape industries. Working in close partnership with our customers, we solve complex engineering challenges to transform the way we fly, drive, build and power. Through the ingenuity of our people and cutting-edge advanced manufacturing techniques, we deliver these products at a quality and efficiency that ensure customer success and shareholder value. For more information: www.arconic.com. Follow @arconic: Twitter, Instagram, Facebook, LinkedIn and YouTube.

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