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Strategies & Market Trends : Making Money is Main Objective

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From: Softechie	2/28/2009 2:53:44 PM
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AA UBS Securities analysts said it’s possible Alcoa (AA) will have to cut its dividend, given weakness in the aluminum market. Alcoa has paid a 17-cent-per-share-per-quarter dividend for the last two years, and the dividend has steadily risen since 2000. Alcoa CEO Klaus Kleinfeld’s most recent comments on the dividend were during the company’s Jan. 12 conference call regarding Q4 earnings. Kleinfeld was terse when asked about cutting the dividend, or about borrowing money to pay it, saying only, “You have seen the financial structure of our Company and as I said, I mean, we have been paying a dividend for 60 years. Alcoa has managed through many downturns and that’s really all I want to say right now.” Alcoa shares today fell 28 cents, or 4.3%, to $6.23

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