Howmet Aerospace

Howmet Aerospace makes engineered metal components for the aerospace and transportation industries, including jet engine parts, fastening systems and forged aluminium wheels. Spun out of the old Arconic and Alcoa lineage, it has become a focused supplier tied closely to commercial aircraft production and the strong demand for fuel-efficient engines. Howmet pays only a small dividend, having rebuilt and grown it over recent years while directing far more capital to debt reduction and buybacks. The yield is minimal, so income is not the reason to own it. The moderate score reflects a modest but rising payout attached to a company whose real appeal lies in the aerospace upcycle rather than dividends.