Alcoa Inc (NYSE:AA) declared the payment of dividends

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Dallas, Texas 08/14/2013 (Financialstrend) –  Alcoa Inc (NYSE:AA) declared the payment of dividends to its stockholders for the current quarter which had been increasing the value of the stock since last week. The share is showing improvement with every day of exchange, nearing its 52 week peak level of rates. The dividend publicized for the stockholders is at 3 cents per the common share of the firm. The share had in progress to trade ex-dividend from Wednesday, August 07, 2013 and the dividends would be paid to the stockholders on 26thAugust, 2013.

It is worth observing that Alcoa Inc reimbursed dividends to its stockholders and that the latest declaration of $0.03 per share of dividends marks the 18th successive quarter for which the firm had paid the same level of dividends. The current income per share for this capital goods sector firm is at $0.10 per share and it had been anticipated by forecasters at Zacks that this income would raise by 36.22% for the full financial year of 2013, matched to the business average growth in earnings at 1%.

Moreover, the firm reported a loss far broader than that of a year earlier on July 8. But without one-time charges, its concert had overdone Wall Street’s anticipations. The firm reported a 2nd quarter loss of $119 million that is 11 cents a share.

There had been a loss of 1.33% in the shares of  Alcoa Inc (NYSE:AA) which closed at $8.15 per share on Tuesday. The stock had presented intraday fluctuations on the range of $8.12 to $8.29 per share, after opening at $8.28 for the day. The company had recorded 52 week low at $7.63 and 52 week high at $9.93 per share.  There are 1.07billion shares outstanding with a market cap of $8.72 billion and an institutional ownership of 58% of the total capital. The trading volume on Tuesday was 17.23 million shares and the average volume is at 16.39 million shares per day.

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