Alcoa Corporation (ASX:AAI) has filed an updated dividend notification for its Chess Depositary Interests (CDIs), disclosing the currency exchange rate applicable to its ordinary quarterly dividend of USD 0.10000000 per security, with an Australian dollar equivalent of AUD 0.14553640 per CDI, payable on 13 November 2026.

Key Points

  • Ordinary quarterly dividend of USD 0.10000000 per CDI relates to the financial period ending 30 September 2026
  • AUD equivalent amount per security is AUD 0.14553640, based on an FX rate of AUD 1.00 / USD 0.68711333
  • Payment date is 13 November 2026, with a record date of 27 October 2026 and an ex-date of 26 October 2026
  • Default non-resident withholding tax rate is 30%, unless CDI holders have certified eligibility for a lower treaty rate prior to the record date
  • This filing is an update to a previous announcement dated 16 October 2026, made solely to advise of the currency exchange rate

Quarterly Dividend Details and Payment Date

The ordinary dividend relates to one quarter and covers the financial reporting period ending 30 September 2026. The total dividend amount is USD 0.10000000 per security, which is unfranked, with a franked amount of USD 0.00000000 and a franking percentage of 0.0000%. The dividend is not estimated and has been confirmed as actual. No external approvals — including security holder, court, ACCC, FIRB or other regulatory approvals — are required before the payment date of 13 November 2026, according to the filing.

Currency Exchange Rates and Multi-Currency Payment Options

The filing discloses exchange rates used for non-primary currency payments. In addition to the AUD equivalent of AUD 0.14553640 per security, the New Zealand dollar equivalent is NZD 0.18030130 and the British pound sterling equivalent is GBP 0.07485490. The applicable exchange rates disclosed are USD 1.00 to AUD 1.455364, USD 1.00 to NZD 1.803013, and USD 1.00 to GBP 0.748549. CDI holders may elect to receive payment in US dollars, New Zealand dollars or British pounds sterling, with elections required by 17:00 AEDT on 27 October 2026.

Withholding Tax and Direct Credit Payment Arrangements

Non-resident withholding tax will be deducted as required by US tax law at a default rate of 30%, unless CDI holders certified prior to the dividend record date that they are tax residents of a country with a US tax treaty and qualify for a lower withholding rate. Alcoa CDI holders with an Australian, New Zealand, United Kingdom or United States registered address who do not provide valid banking details or Global Wire payment instructions will have their payment withheld without interest until valid payment instructions are received. Holders residing outside those countries will receive payment by cheque in Australian dollars unless alternative banking instructions have been provided.