Summary
Southern Copper Corporation (SCCO) filed an 8-K report on February 2, 2009, disclosing financial results for the period ending December 31, 2008. The report highlights the company's financial condition and operations, as detailed in a press release dated January 30, 2009. Investors should note that this information is furnished and not formally filed, meaning it won't be incorporated into other SEC filings unless explicitly stated. In addition to financial results, the filing announces a quarterly dividend of $0.117 per share, payable on March 30, 2009. Furthermore, SCCO provided an update on its share repurchase program, having bought back 29.6 million shares at an average price of $13.52, which effectively increased existing shareholders' stake by 3.5%.
Key Highlights
- 1SCCO announced its financial results for the quarter and full year ended December 31, 2008, via press release on January 30, 2009.
- 2The financial information provided is furnished under Item 2.02 and is not deemed 'filed' for Section 18 purposes, nor is it automatically incorporated into other SEC filings.
- 3A quarterly dividend of $0.117 per share was declared, with a record date of March 11, 2009, and payment date of March 30, 2009.
- 4SCCO has repurchased approximately 29.6 million shares of its common stock under its $500 million share repurchase program.
- 5The average repurchase price for the shares was $13.52 per share.
- 6The share repurchases have resulted in a 3.5% increase in existing shareholders' participation in SCCO common stock.
- 7The filing includes press releases as exhibits 99.1 and 99.2, detailing the financial results and dividend/share repurchase information.