Howmet Aerospace Inc. $3.75 Serial Preferred Stock (HWM-)
NYSE · Preferred · CUSIP 013817200
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Security Details

Coupon Rate
3.75%
Liquidation Preference
$100.00
Call Price
$100.00
Call / Redemption Date
—
Maturity Date
None
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
3.75
Distribution Dates
1/1, 4/1, 7/1 & 10/1
Credit Ratings
Moody's Baa3 · S&P BB+ (6/15/2025)
Tax-Advantaged Dividends
Yes

Security Profile

Security has been called for December 17, 2025.
Security Type
Traditional Preferred Stock »
CUSIP
013817200
Market Cap
Micro Cap · $48 Million
IPO
1/20/1947
Previous Symbol
ARNC- (changed 4/1/2020)
Previous Name
Arconic Inc.
Parent Company
Arconic Inc. (HWM)
Business: 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.
Notes: On November 17, 2025, Howmet Aerospace Inc. (the “Company” or “Howmet Aerospace”) announced that it will redeem all of the outstanding shares of $3.75 Cumulative Preferred Stock of the Company (the “Preferred Stock”) on December 17, 2025 (the “Redemption Date”) at a redemption price of $100 per share plus dividends which have accrued and have not been paid or declared. The amount of accrued dividends per share of Preferred Stock that have not been paid or declared as of the Redemption Date is $0.8125. As of the close of business on November 14, 2025, there were 546,024 shares of Preferred Stock outstanding.<p> March 18, 2020 -- In connection with the separation of Arconic Inc. (NYSE: ARNC) into two independent, publicly-traded companies, Arconic Inc. announced today that Arconic Rolled Products Corporation (which will be renamed Arconic Corporation in connection with the separation) (“Arconic Corporation”), is expected to commence trading today, March 18, 2020, on a “when issued” basis under the symbol “ARNC WI” on the New York Stock Exchange. At the time of separation, Arconic Inc. stockholders are expected to receive one share of Arconic Corporation common stock for every four shares of Arconic Inc. common stock held as of the record date. The record date for the distribution of Arconic Corporation common stock is March 19, 2020 and the time of the distribution is expected to be 12:01 A.M. on April 1, 2020. “Regular-way” trading in Arconic Corporation’s common stock is expected to begin on April 1, 2020.

Company Contact

CEO
John C. Plant
CFO
Ken Giacobbe
Headquarters
201 Isabella Street, Suite 200, Pittsburgh, PA 15212
Phone
412-553-1940
Investor Relations
Paul T. Luther · 412-553-1950 · Paul.luther@howmet.com
Email Form
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