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PITTSBURGH - Howmet Aerospace Inc. (NYSE:HWM), a $76.41 billion aerospace components manufacturer, announced Tuesday that its Board of Directors has declared dividends on both its common and preferred stock. According to InvestingPro data, the company has consistently raised its dividend for four consecutive years.
The aerospace components manufacturer will pay a dividend of 12 cents per share on its common stock on August 25, 2025, to shareholders of record as of August 8, 2025.
Additionally, the company declared a dividend of 93.75 cents per share on its $3.75 Cumulative Preferred Stock, referred to as Class A Stock. This preferred dividend will be paid on October 1, 2025, to shareholders of record as of September 12, 2025.
Howmet Aerospace, headquartered in Pittsburgh, Pennsylvania, specializes in producing jet engine components, aerospace fastening systems, and airframe structural components for the aerospace and defense industries. The company also manufactures forged aluminum wheels for commercial transportation.
The dividend announcement was made in a press release statement issued by the company.
In other recent news, Howmet Aerospace has been the focus of several key developments that may interest investors. Jefferies has raised its price target for Howmet Aerospace to $220, maintaining a Buy rating, following an analysis of the aerospace fastener market dynamics. Similarly, RBC Capital Markets increased its price target to $200 from $165, citing a positive shift in sentiment towards original equipment manufacturers in the aerospace sector. Howmet Aerospace recently held its annual shareholder meeting, where all nominated directors were elected, including James F. Albaugh, who received significant support.
KeyBanc analysts have maintained a Sector Weight rating on Howmet Aerospace, noting an increase in estimated earnings for 2025 and highlighting improvements in profit margins. The firm attributes the expected profit growth to the strength in the commercial aerospace and defense sectors, with particular emphasis on the Fasteners and Structures divisions. Additionally, Howmet Aerospace’s CEO, John Plant, sold 800,000 shares for estate and tax planning purposes but continues to hold a substantial stake in the company. These developments reflect Howmet Aerospace’s ongoing performance and strategic decisions, drawing attention from various analyst firms.
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