Dividend Declared By Dow Stock Alcoa

Alcoa (AA: 10.64 -0.28%) announced Friday that the company’s Board of Directors has approved a quarterly dividend of $.03 per share.

 

Alcoa’s current dividend yield now stands at 1.1%.

 

The dividend will be payable on August 25, 2009 to shareholders of record as of August 7, 2009.

 

Alcoa’s stock finished up 2.5% on Monday to close at $11.30. Since the beginning of 2009, Alcoa’s shares have essentially posted no gain.

 

The dividend news comes on top of Alcoa’s better than expecting second quarter results that boosted AA’s stock price 19%.

 

The Dow stock has now paid a quarterly dividend for over 60 years.

 

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