Summary
Southern Copper Corporation (SCCO) filed an 8-K on January 29, 2010, to announce its financial results for the fourth quarter and full year ended December 31, 2009. While the full financial details are within the press release (Exhibit 99.1), the key takeaway for investors from this filing is the declaration of a quarterly dividend. The company's Board of Directors authorized a dividend of U.S. 43 cents per share, payable on March 3, 2010, to shareholders of record as of February 15, 2010. This announcement signals the company's commitment to returning capital to shareholders, a factor often considered by income-focused investors, even as the market awaits specific financial performance figures from the period.
Key Highlights
- 1Southern Copper Corporation announced financial results for the period ending December 31, 2009.
- 2The company's Board of Directors authorized a cash dividend.
- 3The dividend amount is U.S. 43 cents per share.
- 4The dividend is payable on March 3, 2010.
- 5Shareholders of record on February 15, 2010, will receive the dividend.
- 6The press release containing the financial results is attached as Exhibit 99.1.
- 7Information furnished under Item 2.02 is not considered 'filed' for certain regulatory purposes.