Business

Howmet Aerospace suspending dividend, looking to cut other costs

John Plant Executive Chairman and co-CEO of Howmet Airospace Inc. John Plant. (Pittsburgh Business Times; WILLIAM TAUFIC)

PITTSBURGH — Howmet Aerospace Inc. (NYSE: HWM) said it was cutting the dividend issued on all of its common stock options in an effort to preserve cash according to a press release from the company.

The company cited that many of its original equipment manufacturers had suspended operations in North America and Europe which would impact production at various Howmet facilities.

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