AA Dividend Yield 2026: Alcoa Corporation

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Data last updated: Nov 01, 2026

Snapshot (as of Nov 01, 2026): Alcoa Corporation (AA) pays a $0.10 annual dividend ($0.03 quarterly), yielding 1.02% at $39.19/share. Next ex-dividend date 2026-10-27. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 1.02%

Annual Dividend: $0.10 per share

Payout Ratio: 7.0%

Ex-Dividend Date: 2026-10-27

Dividend Frequency: quarterly

Sector: Basic Materials

Years of Dividend History: 53

About Alcoa Corporation Dividend

Alcoa Corporation dividend investors are dealing with a cyclical aluminum producer, not a steady utility. AA mines bauxite, refines alumina, and smelts aluminum for customers in transportation, construction, and packaging across more than eight countries. The trailing twelve-month dividend paid is $0.10 per share, with payments made quarterly and the next ex-dividend date set for October 27, 2026. With a beta of 1.739, this is a volatile stock, and the 1.0% yield reflects that income is secondary to the commodity cycle here.

Dividend Safety

Alcoa Corporation pays out 7.0% of earnings as dividends, a payout ratio classified as conservative (below 40%). That leaves substantial earnings headroom, meaning the current $0.40 annual rate is not under pressure from the payout ratio alone. Alcoa Corporation dividend safety is more exposed to aluminum price swings than to any structural payout problem, since the company's revenue depends on commodity markets rather than recurring contracts or subscription-based demand.

Alcoa Corporation (AA) Dividend Growth Rate, CAGR, and History

Alcoa Corporation dividend history shows a CAGR of -5.9% per year from 2004 to 2025. The per-share annual dividend started at $1.4417 in 2004 and ended at $0.4000 in 2025 (with 2026 a partial year, Alcoa Corporation dividend 2026 data is incomplete). The largest annual increase in the window was 30.6% in 2022, but the overall trend is negative, and the data includes at least one year-over-year decline exceeding 5%.

Alcoa Corporation Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	0.0%	$0.40 (2022)	$0.40 (2025)
5-Year	+5.5%	$0.31 (2016)	$0.40 (2025)
10-Year	+3.3%	$0.29 (2011)	$0.40 (2025)

Is Alcoa Corporation a Good Dividend Stock?

AA stock fits dividend investors who want low payout risk but can tolerate commodity-driven volatility and a low headline yield. At 1.0%, the current yield is classified as low (below 2%), and it sits above the 5-year average of 0.67%, which reflects the recent reset to a $0.40 annual rate after years of cuts. Four consecutive years of increases since 2022 show a recovery pattern, but the long-term CAGR of -5.9% is a real constraint. The trade-off is clear: a very conservative payout ratio with minimal income, in a business where aluminum prices, not dividend policy, drive outcomes.

Recent Alcoa Corporation Dividend Payments

Payment Date	Amount per Share
2026-10-27	$0.1000
2026-08-11	$0.1000
2026-05-19	$0.1000
2026-03-10	$0.1000
2025-11-04	$0.1000
2025-08-12	$0.1000
2025-05-20	$0.1000
2025-03-04	$0.1000
2024-10-29	$0.1000
2024-08-12	$0.1000

Alcoa Corporation Annual Dividend History

Year	Total Dividends
2026	$0.4000
2025	$0.4000
2024	$0.4000
2023	$0.4000
2022	$0.4000

Related Basic Materials Dividend Stocks

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• BHPLF — BHP Group Limited (4.70% yield)
• RTNTF — Rio Tinto Ltd. (4.67% yield)
• SCCO — Southern Copper Corporation (2.38% yield)
• RIO — Rio Tinto Plc (5.68% yield)

Frequently Asked Questions

Does AA pay dividends?

Yes, Alcoa Corporation (AA) pays a $0.03 quarterly dividend per share, yielding 1.02%.

How often does AA pay dividends?

Alcoa Corporation (AA) pays dividends quarterly — 4 times per year.

Does AA pay monthly dividends?

No — Alcoa Corporation (AA) pays quarterly, not monthly.

How much does AA pay per month?

Alcoa Corporation (AA) pays about $0.01 per share per month at the current annual dividend rate of $0.10. Actual payments arrive quarterly; this figure normalizes annual income to a monthly view.

What is AA's dividend yield?

Alcoa Corporation (AA) currently yields 1.02% based on the annual dividend rate and today's share price.

Has Alcoa Corporation ever cut its dividend?

Yes. The available history shows significant cuts: the annual dividend fell from $1.6340 in 2008 to $0.6248 in 2009 and further to $0.2884 by 2011, where it stayed flat for several years. The data includes at least one year-over-year decline exceeding 5%.

How fast has Alcoa Corporation grown its dividend?

The compound annual growth rate (CAGR) for the Alcoa Corporation dividend from 2004 to 2025 is -5.9% per year. The per-share annual dividend declined from $1.4417 to $0.4000 over that period, though the last four years show no cuts.

Is Alcoa Corporation dividend safe?

The 7.0% payout ratio is very conservative, leaving wide earnings headroom above the current $0.40 annual dividend. The primary risk is not the payout ratio but aluminum price volatility, which directly affects the earnings that support the dividend.

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