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PITTSBURGH--(BUSINESS WIRE)--April 11, 2003--The Board of
Directors of Alcoa (NYSE:AA) today declared a quarterly common stock
dividend of 15 cents per share payable May 25, 2003 to shareholders of
record at the close of business on May 2, 2003. Alcoa has paid a
quarterly dividend on its common stock for more than 60 years.
The directors also declared a quarterly dividend of 93.75 cents
per share on Alcoa's $3.75 cumulative preferred stock payable July 1,
2003 to shareholders of record at the close of business on June 13,