Alcoa Pays Out $100m Dividend
THE SUNDAY AGE
Saturday October 7, 1995
ALCOA of Australia, the aluminum producer that is 60-owned by Aluminum Co. of America, has paid a dividend to its three shareholders of $100 million for the third quarter to Sept 30.
Western Mining Corp, the Australian diversified mining company, said in a statement it has received $39.25 million from Alcoa, representing its share of the total dividend.
Western Mining owns 39.25 per cent of Alcoa. The remaining 0.75 of Alcoa is held by QBE Insurance Ltd.
The latest dividend is an improvement from the payment of $60 million in the year-earlier quarter.
© 1995 THE SUNDAY AGE
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