The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.
Data last updated: Sep 17, 2026
Snapshot (as of Sep 17, 2026): Alcoa Corporation (AA) pays a $0.40 annual dividend ($0.10 quarterly), yielding 0.86% at $46.26/share. Next ex-dividend date 2026-08-11. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.86%
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
Alcoa Corporation dividend investors are working with a low-yield, commodity-linked payout 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 0.86%. With a beta of 1.631, this is a cyclical stock tied to bauxite, alumina, and aluminum markets, not a play for income-focused investors seeking steady cash flow.
Alcoa Corporation pays out 8.2% of earnings as dividends, a payout ratio classified as conservative (below 40%). That leaves substantial earnings coverage for the current $0.40 annual rate, even if aluminum market conditions soften. Alcoa Corporation dividend safety benefits from this wide cushion, though the company operates in a cyclical industry where earnings can swing sharply with commodity prices, creating potential pressure on the payout during downturns. The data shows the dividend was cut from $0.68 in 2008 to $0.26 in 2009, a precedent worth noting.
Alcoa Corporation dividend history shows a CAGR of -1.9% per year from 2004 to 2025. The per-share rate started at $0.60 and ended at $0.40, a net decline over the full window (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 122.2% in 2022, when AA reinstated a meaningful payout after years of minimal distributions, though the history also contains at least one year-over-year decline exceeding 5%.
| 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) |
AA stock fits dividend investors who prioritize earnings coverage over yield size. The yield is low (below 2%) at 0.86%, above its 5-year average of 0.73% but still well below what most income-focused portfolios target. Four consecutive years of dividend increases since 2022 show recent commitment to the payout, but the long-term CAGR of -1.9% reflects how cyclical aluminum markets can disrupt dividend growth. The trade-off is clear: a very conservative payout ratio provides a buffer, but Alcoa Corporation operates in a commodity business where earnings volatility is the norm, not the exception.
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.3000 |
| 2025 | $0.4000 |
| 2024 | $0.4000 |
| 2023 | $0.4000 |
| 2022 | $0.4000 |
Project income from AA with the AA dividend calculator or track your full portfolio with the dividend tracker.