Summary
Southern Copper Corporation (SCCO) announced two key updates via separate press releases. The first, issued on January 29, 2010, pertains to a minor adjustment in the record and payment dates for its quarterly dividend. Shareholders will now receive a dividend of $0.43 per share on March 4, 2010, with the record date set for February 19, 2010. This change does not affect the dividend amount, only the timing of its distribution. The second and more significant announcement, made on February 1, 2010, concerns a change in the company's ticker symbol on the New York Stock Exchange. Effective February 17, 2010, SCCO's common shares will trade under the new ticker symbol 'SCCO', replacing the previous symbol 'PCU'. This change is intended to better reflect the company's name and may enhance investor recognition.
Key Highlights
- 1Quarterly dividend of $0.43 per share to be paid on March 4, 2010.
- 2Record date for the dividend is February 19, 2010.
- 3The company's ticker symbol on the NYSE will change from 'PCU' to 'SCCO'.
- 4The ticker symbol change is scheduled to be effective at the start of trading on Wednesday, February 17, 2010.
- 5The change in ticker symbol aims to improve brand recognition and align with the company's name.