ALCOA CORPORATION has announced a dividend payment for holders of its CDI securities, with the dividend amount set at USD 0.10 per security for the quarter ending March 31, 2025. The important dates for this distribution are the ex-date on May 19, 2025, the record date on May 20, 2025, and the payment date on June 6, 2025. The dividend is unfranked, meaning 100% of the payout is taxed without any franking credits, and payments will be made in US dollars unless shareholders choose alternative currencies. Holders with eligible bank details can elect to receive dividends in Australian dollars, New Zealand dollars, or British pounds sterling through the designated procedures. The announcement details specific arrangements for receiving the payment. Dividends will typically be credited directly to accounts in Australia, New Zealand, the United Kingdom, or the United States. For those residing outside these regions, payments will be made by cheque in Australian dollars unless proper banking instructions are provided to enable payments in other currencies via Computershare’s Global Wire solution. Elections regarding the payment currency must be completed by 17:00 AEDT on May 8, 2025. Additionally, non-resident shareholders are subject to a default withholding tax rate of 30% under U.S. tax law, unless they certify tax residency in a treaty country to benefit from a lower rate. From a bullish perspective, the steady dividend distribution reinforces ALCOA CORPORATION’s commitment to returning value to its investors, which can be encouraging for those seeking regular income in their portfolios. The option to receive payments in a variety of currencies also adds a degree of flexibility for international investors. However, on the bearish side, the relatively modest dividend amount may not strongly attract income-focused investors, and the high default withholding tax rate for non-residents could reduce the effective yield for those investors. Overall, while the dividend payout underscores financial stability and shareholder commitment, investors should consider the implications of currency exchange and tax withholding when evaluating the benefit from this distribution.