The Alcoa Corporation CDI (ASX: AAI) share price is in focus after the company declared a quarterly unfranked dividend of US$0.10 per CHESS Depositary Interest (CDI) for the period ended 31 March 2026.
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What did Alcoa report?
- Quarterly dividend of US$0.10 per CDI declared
- Dividend is 100% unfranked
- Ex-dividend date: 18 May 2026
- Record date: 19 May 2026
- Payment due on 5 June 2026
- Default non-resident withholding tax rate: 30%
What else do investors need to know?
Alcoa CDI holders can receive their dividend payment in Australian dollars as the default, or elect to receive payment in US dollars, New Zealand dollars, or British pounds by providing up-to-date banking details. Holders have until 5pm AEST on 19 May 2026 to update or confirm their preferred payment method.
For CDI holders who don't register valid payment instructions or don't reside in Australia, New Zealand, the UK, or the US, the payment may be withheld (without interest) until those details are provided, or paid by cheque in Australian dollars for overseas holders. Non-residents should be aware that a 30% US withholding tax applies by default, unless eligible for tax treaty benefits and the correct forms are submitted before the record date.
What's next for Alcoa?
Alcoa's consistent dividend payments highlight its ongoing focus on shareholder returns. Investors should watch for any currency conversion updates on 1 June 2026, as well as consider updating tax and banking details to ensure timely payment.
Looking ahead, the company's next scheduled dividend update will likely reflect any operational or commodity market changes impacting Alcoa's ongoing capital management strategy.
Alcoa share price snapshot
Over the past 12 months, Alcoa shares have risen 125%, strongly outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.
