Alcoa Inc. (NYSE:AA) Updates On Quarterly Dividend


As per Alcoa Inc. (NYSE:AA) statement on 2016-07-22, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.03 per share as dividend to stakeholders. The record date is set as 2016-08-05, the payout date as 2016-08-25 and the ex-dividend date is 2016-08-03.

Last fiscal Alcoa Inc. (NYSE:AA) disbursed cash dividend of $0.03. A year ago, the payout was $0.03, which indicates a difference of 0%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.03, implying 0% growth.

For the period ended on 2015-12-31, Alcoa Inc. (NYSE:AA)’s earnings came at $0.15 per share compared to EPS of $0.07 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-10-13. For this quarter, the analysts have earnings estimate of $0.11 per share.

The interim price target for Alcoa Inc. (NYSE:AA) is set at $11.555. This level is the mean price reached by averaging the stock views of 9 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Alcoa Inc. (NYSE:AA) is seen at $14 and the lowest level is established at $8. This broad range highlights a standard deviation of $1.81 in reported estimates.

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