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PITTSBURGH--(BUSINESS WIRE)--March 15, 2002--The Board of
Directors of Alcoa (NYSE:AA) today declared a quarterly common stock
dividend of 15 cents per share, payable May 25, 2002 to shareholders
of record at the close of business on May 3, 2002. This is Alcoa's
93rd consecutive quarterly dividend on its common stock.
The directors also declared a quarterly dividend of 93.75 cents
per share on Alcoa's $3.75 cumulative preferred stock, payable
July 1, 2002 to shareholders of record on June 14, 2002.