Summary
Southern Copper Corporation (SCCO) filed an 8-K on October 29, 2010, to report on its financial results for the quarter ended September 30, 2010, as announced in a press release on October 28, 2010. The filing primarily serves to provide investors with timely information regarding the company's performance and capital allocation decisions. Key among the disclosures is the announcement of a quarterly dividend authorization. The Board of Directors approved a dividend of U.S. 43 cents per share, payable on November 30, 2010, to shareholders of record on November 16, 2010. This dividend declaration indicates the company's commitment to returning value to its shareholders, a factor crucial for investor assessment of SCCO's financial health and management's confidence.
Key Highlights
- 1SCCO reported its financial results for the quarter ended September 30, 2010.
- 2A press release detailing these results was issued on October 28, 2010.
- 3The Board of Directors authorized a dividend of U.S. 43 cents per share.
- 4The dividend is payable on November 30, 2010.
- 5Shareholders of record as of November 16, 2010, are eligible for the dividend.
- 6The filing was made on Form 8-K, Item 2.02 (Results of Operations and Financial Condition) and Item 9.01 (Financial Statements and Exhibits).
- 7The information provided is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.