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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.
- 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