Summary
Southern Copper Corporation (SCCO) filed an 8-K on August 1, 2011, to announce financial results for the quarter ended June 30, 2011, and a significant dividend declaration. The company's Board of Directors authorized a dividend of U.S.¢62 per share, payable on August 31, 2011, to shareholders of record on August 17, 2011. This announcement highlights the company's commitment to returning capital to its shareholders, a key factor for income-focused investors. While the 8-K does not detail the specific financial performance figures for the quarter, the dividend declaration suggests confidence from management regarding the company's financial health and its ability to generate sufficient cash flow. Investors should refer to the furnished press release (Exhibit 99.1) for the detailed financial results for the second quarter of 2011.
Key Highlights
- 1Southern Copper Corporation announced a dividend of U.S.¢62 per share.
- 2The dividend payment date is scheduled for August 31, 2011.
- 3Shareholders of record as of August 17, 2011, will receive the dividend.
- 4The dividend was authorized by the Board of Directors on July 28, 2011.
- 5The filing primarily serves to announce the dividend and associated financial results for Q2 2011 via a press release.
- 6The information is furnished and not deemed 'filed' for certain SEC purposes.