Alcoa Corporation
AABasic Materials · Stock · quarterly payer
Forward Yield
0.88%
Annual Dividend
$0.40
Payout Ratio
8%
5-Yr Growth
—
Ex-Date
May 19, 2026
Frequency
Quarterly
Summary
As of July 2026, Alcoa Corporation (AA) yields 0.88% ($0.40 per share annually), with a blended fair-value estimate of $72.51 — +64% upside, so it screens as undervalued. Dividend safety grade: A (81/100).
Is AA a good dividend stock?
YesAlcoa Corporation (AA) pays a quarterly dividend yielding 0.88% ($0.40/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (8%)
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 0.88%
- Payout Ratio
- 8%
- Annual Dividend
- $0.40
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- May 19, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.63
- Market Cap
- $11.7B
- P/E Ratio
- 9.2
- 5-Yr Total Return
- -0%
- 52-Week Range
- $28.11 – $84.38
- Dividend Safety
- A · 81/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
AA Price — Last 12 Months
Daily close
Price Return
1 Year
+37%
3 Years
+47%
5 Years
-0%
52-Week Range
$28.11 – $84.38
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AA worth?
Undervaluedlow confidenceOur blended fair-value estimate for Alcoa Corporation is $72.51 per share, versus a market price of $44.24. That implies 64% of upside — a margin of safety of about 39%.
Fair Value
$72.51
Current Price
$44.24
Upside
+64%
Margin of Safety
39%
How we get there
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 4.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 12.0% discount rate (CAPM), 4.0% stage-1 growth, 2.5% terminal growth, $4.81 EPS, $0.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AA Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 19, 2026 | — | $0.1000 | regular |
| Mar 10, 2026 | — | $0.1000 | regular |
| Nov 4, 2025 | — | $0.1000 | regular |
| Aug 12, 2025 | — | $0.1000 | regular |
| May 20, 2025 | — | $0.1000 | regular |
| Mar 4, 2025 | — | $0.1000 | regular |
| Oct 29, 2024 | — | $0.1000 | regular |
| Aug 12, 2024 | — | $0.1000 | regular |
| May 20, 2024 | — | $0.1000 | regular |
| Mar 4, 2024 | — | $0.1000 | regular |
| Oct 30, 2023 | — | $0.1000 | regular |
| Aug 7, 2023 | — | $0.1000 | regular |
| May 15, 2023 | — | $0.1000 | regular |
| Mar 6, 2023 | — | $0.1000 | regular |
Income Calculator
At $0.40 / yr per share
