"Howmet Aerospace's balance sheet remains solid and cash generation was strong, supporting $100 million in common stock repurchases in the second quarter 2023. In July 2023, the Company launched a redemption of $200 million of its 2024 Notes, which will reduce annualized interest expense by approximately $10 million. We also expect to increase the quarterly dividend on common stock from $0.04 to $0.05 per share in the fourth quarter 2023, demonstrating confidence in Howmet's free cash flow profile."