The Alcoa Corporation CDI (ASX: AAI) share price is in focus as the company announces a quarterly dividend of US 10 cents per CDI, payable on 26 March 2026, with a record date of 10 March.
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What did Alcoa report?
- Quarterly dividend of US 10 cents per CDI, unfranked
- Dividend ex-date: 9 March 2026
- Record date for eligibility: 10 March 2026
- Payment date: 26 March 2026
- Payments default to Australian dollars but other currencies available on request
- Non-resident withholding tax of 30% applies unless eligible for a reduced treaty rate
What else do investors need to know?
Alcoa advises CDI holders to ensure their payment instructions are up to date to avoid potential delays. Holders in Australia, New Zealand, the UK, or US must provide direct credit details, otherwise dividend payments will be withheld until valid banking information is received.
For those residing outside these countries, payments will be made by cheque in Australian dollars unless alternative global wire instructions are received. Alcoa also reminds investors that non-resident withholding tax will be deducted according to US tax law, with the standard rate set at 30% unless a valid tax treaty certification is in place.
What's next for Alcoa?
Looking ahead, Alcoa CDI holders can update their currency preferences and banking details until 10 March 2026 to ensure smooth dividend reception. The AUD equivalent for this dividend will be announced by 20 March 2026.
Alcoa continues to emphasise its commitment to consistent shareholder returns by maintaining regular quarterly payments while supporting its operational and financial strategies.
Alcoa share price snapshot
Over the past 12 months, Acola shares have risen 68%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 11% over the same period.
