Summary
Southern Copper Corporation (SCCO) announced its financial results for the first quarter ended March 31, 2010, via a press release filed on April 29, 2010. While the specific financial performance metrics (revenue, net income, earnings per share) are not detailed within the provided 8-K text itself, the filing primarily serves to disseminate this earnings announcement and a related dividend declaration. Of significant note to investors is the declaration of a dividend of U.S.$0.45 per share. This dividend is scheduled to be paid on May 25, 2010, to shareholders of record as of the close of business on May 12, 2010. This provides a direct return to shareholders and signals the company's confidence in its financial position.
Key Highlights
- 1Southern Copper Corporation (SCCO) released its Q1 2010 financial results on April 29, 2010.
- 2The company declared a dividend of U.S.$0.45 per share.
- 3The dividend payment date is May 25, 2010.
- 4Shareholders of record as of May 12, 2010, will receive the dividend.
- 5The filing includes a press release detailing the financial results and dividend announcement as Exhibit 99.1.
- 6The information furnished is not deemed "filed" for purposes of Section 18 of the Securities Act of 1934.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce Southern Copper Corporation's financial results for the first quarter ended March 31, 2010, and to declare a dividend to its shareholders.
The company declared a dividend of U.S.$0.45 per share, which will be paid on May 25, 2010.
Shareholders who are of record at the close of business on May 12, 2010, are eligible to receive the dividend.
The detailed financial results are available in the press release attached as Exhibit 99.1 to this 8-K filing. Investors should refer to that press release for specific performance figures.