Alcoa Corporation (ASX:AAI – Get Free Report) insider John Bevan purchased 5,690 shares of the company’s stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of A$40.94 ($26.24) per share, for a total transaction of A$232,948.60 ($149,326.03).
Alcoa Price Performance
The firm has a market capitalization of $9.41 billion, a PE ratio of -29.54 and a beta of 2.43.
Alcoa Increases Dividend
The firm also recently declared a Interim dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.109 per share. This represents a dividend yield of 0.25%. This is a boost from Alcoa’s previous Interim dividend of $0.11. The ex-dividend date of this dividend is Sunday, May 18th. Alcoa’s dividend payout ratio is presently -3.30%.
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