Alcoa Corporation (ASX:AAI – Get Free Report) insider Thomas Gorman bought 5,690 shares of the firm’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 Price Performance
The stock has a market capitalization of $9.41 billion, a P/E ratio of -29.54 and a beta of 2.43.
Alcoa Increases Dividend
The firm also recently announced a Interim dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, June 5th will be given a $0.109 dividend. This represents a dividend yield of 0.25%. The ex-dividend date is Sunday, May 18th. This is a boost from Alcoa’s previous Interim dividend of $0.11. Alcoa’s dividend payout ratio (DPR) is -3.30%.
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