Summary
Southern Copper Corporation (SCCO) announced on July 13, 2006, through an 8-K filing, a significant quarterly dividend approval by its Board of Directors. This action signals a strong commitment by the company to return value to its shareholders, a key consideration for investors in the mining sector. The approved dividend is U.S.$2.00 per share, with a payment date set for August 25, 2006, and a record date of August 2, 2006. This substantial dividend payout is likely to be a positive indicator for investors, reflecting the company's confidence in its operational performance and financial health at the time.
Key Highlights
- 1Southern Copper Corporation (SCCO) declared a quarterly dividend of U.S.$2.00 per share.
- 2The dividend approval was made by the Board of Directors on July 13, 2006.
- 3Shareholders of record as of August 2, 2006, will receive the dividend.
- 4The payment date for the dividend is scheduled for August 25, 2006.
- 5The company issued a press release on July 13, 2006, to announce the dividend.
- 6This filing is an 8-K Current Report, indicating an important event.
- 7The information is primarily focused on shareholder distributions.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce that Southern Copper Corporation's Board of Directors has approved a quarterly dividend of U.S.$2.00 per share.
The dividend payment is scheduled to be made on August 25, 2006.
Shareholders who are of record at the close of business on August 2, 2006, are eligible to receive the dividend.
While this filing announces a quarterly dividend, the frequency and consistency of future dividend payments would require further analysis of the company's financial history and statements beyond this specific filing.