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Howmet Aerospace Inc | $3.75 Preferred Stock (HWM.PR)
Prospectus excerpt: Howmet Aerospace Inc. formerly Arconic Inc., formerly Alcoa Inc., $3.75 Serial Preferred Stock, par value of $100 per share. Cumulative annual distributions of $3.75 (3.75%) per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. , Secondary Prospectus PDF », HWM Page »
Series: | A | Alternate symbology: | HWM-, HWM-P, HWMpr | Redeemable?: | Yes | Call Date: | 1/1/1987 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 660,000 | Liquidation Preference: | $100.00 | Recent Market Price: | $57.30 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-42.70 (-42.70%) | Annualized Dividend: | 3.75 | Recent Ex-Date: | 6/14/2024 | Current Yield: | 6.54% | Original Coupon: | 3.75% | Pay Period: | Quarterly | Pay Dates: | 1-Jan, 1-Apr, 1-Jul, 1-Oct | CDx3 Compliance Rating: |
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Howmet Aerospace provides engineered solutions for the aerospace and transportation industries. Co.'s segment are: Engine Products, which utilizes designs and techniques to support engine programs and produces components for aircraft engines and industrial gas turbines, including rolled rings; Fastening Systems, which produces aerospace and industrial fasteners, latches, bearings, fluid fittings and installation tools; Engineered Structures, which produces titanium ingots and mill products for aerospace and defense applications; and Forged Wheels, which manufactures forged aluminum wheels for trucks, buses, and trailers and related products for the global commercial transportation market. Preferreds: HWM.PR, ARNC.PRB Open the HWM Information Page »
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