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Wed. 3 Aug 2022, 11:07am ET Benzinga Dividends

Friday marks the last chance for investors to receive the next dividend payout from Alcoa (NYSE:AA).

What's Happening

The company announced on Monday that it would pay shareholders a quarterly dividend of 10 per share. On Monday, Alcoa will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 10 lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own AA as of the end of Friday's session are eligible to receive the 10 dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on August 25, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

Click here to find details on Alcoa's previous dividends.

To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.