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Cash Dividend On The Way From Alcoa Corporation's $3.75 Preferred Stock

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Shutterstock photo

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On 12/7/16, Alcoa Corporation's $3.75 Preferred Stock (Symbol: AA.PR) will trade ex-dividend, for its quarterly dividend of $0.9375, payable on 1/1/17. As a percentage of AA.PR's recent share price of $90.50, this dividend works out to approximately 1.04%, so look for shares of AA.PR to trade 1.04% lower - all else being equal - when AA.PR shares open for trading on 12/7/16. On an annualized basis, the current yield is approximately 4.15%, which compares to an average yield of 6.42% in the "Metals Fabrication & Products" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of AA.PR shares, versus AA:

Performance Comparison Chart

Below is a dividend history chart for AA.PR, showing historical dividends prior to the most recent $0.9375 on Alcoa Corporation's $3.75 Preferred Stock:

AA.PR+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Alcoa Corporation (Symbol: AA) makes up 1.16% of the SPDR S&P Metals and Mining ETF ( XME ) which is trading up by about 3.1% on the day Monday.

In Monday trading, Alcoa Corporation's $3.75 Preferred Stock (Symbol: AA.PR) is currently trading flat on the day, while the common shares (Symbol: AA) are up about 5.2%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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