AA Dividend Yield 2026: Alcoa Corporation

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Data last updated: Aug 03, 2026

Snapshot (as of Aug 03, 2026): Alcoa Corporation (AA) pays a $0.40 annual dividend ($0.10 quarterly), yielding 0.88% at $45.26/share. Next ex-dividend date 2026-08-11. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 0.88%

Annual Dividend: $0.40 per share

Payout Ratio: 8.2%

Ex-Dividend Date: 2026-08-11

Dividend Frequency: quarterly

Sector: Basic Materials

Years of Dividend History: 53

About Alcoa Corporation Dividend

Alcoa Corporation dividend investors are working with a modest income stream from one of the world's largest aluminum producers. AA pays $0.40 per share annually, distributed quarterly, with the next ex-dividend date on August 11, 2026. The current yield sits at 0.88%. With a beta of 1.626, this is a cyclical materials stock, and the price swings that come with aluminum markets mean income is secondary to the underlying commodity exposure.

Dividend Safety

Alcoa Corporation pays out 8.2% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low figure reflects how capital-intensive the bauxite, alumina, and aluminum production business is, leaving most earnings available to absorb cost pressures before the dividend is at risk. Alcoa Corporation dividend safety faces its main test from commodity price cycles: aluminum demand tied to transportation, construction, and packaging means earnings can swing sharply, and a prolonged downturn in those end markets would compress the earnings base that currently makes the payout look comfortable.

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

Alcoa Corporation dividend history shows a CAGR of -1.9% per year from 2004 to 2025. Per-share payments started at $0.60 and ended at $0.40 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 122.2% in 2022, but the overall trend across the full period is negative, and the history table contains at least one year-over-year decline exceeding 5%. Growth is not the story here.

Alcoa Corporation Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	0.0%	$0.40 (2022)	$0.40 (2025)
5-Year	+17.3%	$0.18 (2016)	$0.40 (2025)
10-Year	+12.8%	$0.12 (2011)	$0.40 (2025)

Is Alcoa Corporation a Good Dividend Stock?

AA stock fits dividend investors who want a low-risk payout relative to earnings, not a meaningful income stream. The yield is low (below 2%) at 0.88%, sitting above the 5-year average of 0.75% but still well short of what income-focused portfolios typically require. The 8.2% payout ratio means the dividend is unlikely to be cut purely from an earnings-coverage standpoint, but the -1.9% CAGR over the full history window shows the per-share payment has actually shrunk over time. The trade-off is clear: the payout is well-covered, but income growth has been absent, and the cyclical aluminum business adds price volatility that income investors rarely seek.

Recent Alcoa Corporation Dividend Payments

Payment Date	Amount per Share
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
2024-05-20	$0.1000

Alcoa Corporation Annual Dividend History

Year	Total Dividends
2026	$0.3000
2025	$0.4000
2024	$0.4000
2023	$0.4000
2022	$0.4000

Related Basic Materials Dividend Stocks

• LIN — Linde plc (1.30% yield)
• RIO — Rio Tinto Group (4.20% yield)
• NEM — Newmont Corporation (1.09% yield)
• FCX — Freeport-McMoRan Inc. (0.96% yield)
• SHW — The Sherwin-Williams Company (0.93% yield)
• ECL — Ecolab Inc. (1.02% yield)

Frequently Asked Questions

How often does Alcoa Corporation pay dividends?

Alcoa Corporation pays dividends quarterly. The last dividend amount was $0.10 per share, adding up to a $0.40 annual rate.

What is Alcoa Corporation's current dividend yield?

The current AA dividend yield is 0.88%. That sits above the 5-year average yield of 0.75%, though both figures fall well below the 2% threshold most income investors target.

Has Alcoa Corporation ever cut its dividend?

Yes. The history table shows a sharp decline from $0.68 per share in 2008 to $0.26 in 2009, and further to $0.12 in subsequent years. The available data window contains at least one year-over-year decline exceeding 5%.

How fast has Alcoa Corporation grown its dividend?

Over the 2004 to 2025 window, Alcoa Corporation has a compound annual growth rate (CAGR) of -1.9% per year. The per-share payment started at $0.60 and ended at $0.40, meaning the dividend is smaller today than it was at the start of the measured period.

Is Alcoa Corporation dividend safe?

The 8.2% payout ratio is conservative (below 40%), which means earnings cover the dividend by a wide margin today. The primary risk is a cyclical downturn in aluminum demand, which could compress earnings and narrow that coverage.

Why is Alcoa Corporation dividend yield low?

At 0.88%, the AA dividend yield is low because Alcoa Corporation pays out only 8.2% of earnings. The company retains most of its earnings, which keeps the per-share dividend small relative to the stock price.

How does Alcoa Corporation compare to its own historical yield?

The current yield of 0.88% is above the 5-year average of 0.75%, so income investors are getting slightly more yield than the recent norm. The difference is modest and does not change the stock's overall low-yield character.

Latest AA News

• ALCOA announces quarterly dividend, set for August 27, 2026 - AL Circle — AL Circle
• Alcoa Corporation Declares Quarterly Cash Dividend - Yahoo Finance — Yahoo Finance
• 15 Best Dividend Stocks to Buy Now - U.S. News - Money — U.S. News - Money

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