Alcoa Inc(NYSE:AA) Declares Dividend of $0.0300.

Alcoa Inc (NYSE:AA) had declared a cash dividend of $0.0300 on Jul 22, 2016. The shares will quote ex-dividend on Aug 3, 2016 and the record date has been fixed for Aug 5, 2016. On Jul 22, 2016 share price, the yield comes out to be 1.1321%. The dividend payable date has been fixed on Aug 25, 2016.

In a different note, On Jun 30, 2016, Morgan Stanley said it Maintains its rating on Alcoa Inc. In the research note, the firm Raises the price-target to $11.00 per share. The shares have been rated ‘Overweight’ by the firm. On May 23, 2016, Bank of America said it Upgrades its rating on Alcoa Inc. The shares have been rated ‘Buy’ by the firm. Rosenblatt said it Initiates Coverage on Alcoa Inc, according to a research note issued on Apr 26, 2016. The shares have been rated ‘Buy’ by the firm.

Alcoa Inc (AA) shares turned negative on Thursdays trading session with the shares closing down -0.06 points or -0.56% at a volume of 1,37,87,197. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.7267. The peak price level was also seen at $10.7267 while the days lowest was $10.485. Finally the shares closed at $10.68. The 52-week high of the shares is $11.5 while the 52-week low is $6.14. According to the latest information available, the market cap of the company is $14,045 M.

Alcoa Inc(AA) last announced its earnings results on Jul 11, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.29B. Analysts had an estimated revenue of $5.19B. Earnings per share were $0.15. Analysts had estimated an EPS of $0.09.

Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Martin Sorrell (director) purchased 1,990 shares at $10.73 per share price.Also, On Jul 15, 2016, Ratan Tata (director) purchased 2,045 shares at $10.73 per share price.On Apr 28, 2016, Ulrich Schmidt (director) purchased 5,000 shares at $10.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Alcoa Inc. (Alcoa) is engaged in lightweight metals engineering and manufacturing. The Company operates in four segments: Alumina Primary Metals Global Rolled Products and Engineered Products and Solutions. Its products which include aluminum titanium and nickel are used in aircraft automobiles commercial transportation packaging building and construction oil and gas defense consumer electronics and industrial applications across the world. It also produces and manages primary aluminum fabricated aluminum and alumina combined through its active participation in the aspects of the industry including technology mining refining smelting fabricating and recycling. The Company has investments and operating activities in Australia Brazil China Guinea Iceland Russia and Saudi Arabia among others. It produces three dimensional (3D-printed) titanium specialty metals and plastic parts for aerospace medical and energy applications.

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