Alcoa Declares Quarterly Dividend of USD 0.10 per CDI for November
Alcoa Corporation has announced a quarterly dividend of USD 0.10 per CDI, payable on 21 November 2025, with multiple currency payment options and a 30% withholding tax for non-residents.
- Quarterly dividend of USD 0.10 per CDI declared
- Ex-date set for 3 November 2025, payment on 21 November 2025
- Dividend payable in USD, AUD, NZD, or GBP based on shareholder preference
- 30% U.S. withholding tax applies unless reduced by tax treaty certification
- Mandatory direct credit payments for holders in Australia, New Zealand, UK, and US
Alcoa’s Latest Dividend Announcement
Alcoa Corporation has declared an ordinary quarterly dividend of USD 0.10 per CHESS Depositary Interest (CDI), reflecting its ongoing commitment to returning value to shareholders. The dividend relates to the quarter ending 30 September 2025, with an ex-dividend date of 3 November 2025 and a record date of 4 November 2025. Payments are scheduled for 21 November 2025.
Currency Flexibility for Shareholders
In a nod to its diverse shareholder base, Alcoa offers dividend payments not only in US dollars but also in Australian dollars, New Zealand dollars, and British pounds sterling. Shareholders can elect their preferred currency by submitting banking details or opting for Computershare’s Global Wire payment solution by 4 November 2025. This flexibility aims to reduce currency conversion costs and streamline payments for international investors.
Tax Withholding and Compliance
As a US-listed entity, Alcoa must withhold a default 30% non-resident withholding tax on dividends paid to foreign investors. However, shareholders who certify their residency in countries with applicable tax treaties before the record date may qualify for reduced withholding rates. Alcoa provides access to the necessary US tax certification forms online, underscoring the importance of compliance for maximising net dividend receipts.
Payment Logistics and Shareholder Obligations
For shareholders registered in Australia, New Zealand, the United Kingdom, or the United States, dividend payments will be made by mandatory direct credit to nominated bank accounts. Those without valid banking details or payment instructions risk having their dividends withheld until proper information is provided. Investors outside these jurisdictions will receive payments by cheque in Australian dollars unless they supply valid banking instructions.
Looking Ahead
The Australian dollar equivalent of the dividend and applicable exchange rates will be announced closer to the payment date, on 17 November 2025. This information will be crucial for investors tracking their returns in local currency terms. Overall, Alcoa’s dividend announcement maintains steady income expectations while offering practical payment options to accommodate its global investor base.
Bottom Line?
Alcoa’s dividend payment process highlights the balancing act between shareholder convenience and regulatory compliance in a global market.
Questions in the middle?
- How will currency fluctuations impact the AUD equivalent dividend value?
- What percentage of shareholders typically claim tax treaty benefits to reduce withholding?
- Will Alcoa’s dividend policy remain stable amid evolving global economic conditions?
