Summary
Southern Copper Corporation (SCCO) announced a combined cash and stock dividend on January 30, 2012, to be paid on February 28, 2012. This filing is an 8-K reporting on a press release dated January 27, 2012. The dividend distribution is a significant event for shareholders, providing both immediate income and potential for increased ownership through the stock component. Investors should note the specific details of the dividend, including the record date and payment date, to ensure they are eligible to receive these distributions. The cash dividend of $0.19 per share offers direct return, while the stock dividend of 0.0107 shares per share increases the number of shares held, which can magnify future gains or losses.
Key Highlights
- 1SCCO announced a cash dividend of $0.19 per share.
- 2SCCO also announced a stock dividend of 0.0107 shares per share.
- 3Both dividends are payable on February 28, 2012.
- 4The record date for determining dividend eligibility is February 15, 2012.
- 5The announcement was made via a press release dated January 27, 2012, and filed in an 8-K on January 30, 2012.