NEW YORK--(BUSINESS WIRE)--The Board of Directors of Arconic (NYSE: ARNC) today declared (a) a dividend of 93.75 cents per share on Arconic’s $3.75 Cumulative Preferred Stock (“Class A Stock”), payable on July 1, 2017, to the holders of record of the Class A Stock at the close of business on June 9, 2017; and (b) a dividend of $6.71875 per share on Arconic’s 5.375% Class B Mandatory Convertible Preferred Stock (“Class B Stock”), payable on July 1, 2017, to the holders of record of the Class B Stock at the close of business on June 15, 2017. The dividend on the Class B Stock is equivalent to a dividend of $0.671875 per Depositary Share (each Depositary Share representing a 1/10th interest in a share of the Class B Stock).
Arconic (NYSE: ARNC) creates breakthrough products that shape industries. Working in close partnership with our customers, we solve complex engineering challenges to transform the way we fly, drive, build and power. Through the ingenuity of our people and cutting-edge advanced manufacturing techniques, we deliver these products at a quality and efficiency that ensure customer success and shareholder value. For more information: www.arconic.com. Follow @arconic: Twitter, Instagram, Facebook, LinkedIn and YouTube.
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Arconic intends to make future announcements regarding Company developments and financial performance through its website on www.arconic.com.