Alcoa Board Approves New Share Repurchase Program, Dividend Increase and Debt Restructuring to Enhance Shareholder Value

Alcoa (NYSE:AA) today announced that its Board of Directors has authorized: the repurchase of up to 10 percent of the company’s outstanding common stock, or approximately 87 million shares; a more than 13 percent increase in the company’s dividend on its common stock from $0.60 per share to $0.68 per share annually; and steps to manage its debt maturity schedule and modify and strengthen its capital structure, including extending maturities.
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