Summary
Southern Copper Corporation (SCCO) announced its first-quarter 2012 financial results via a press release filed on May 1, 2012. The most significant piece of information for investors pertains to the company's commitment to returning capital to shareholders. The Board of Directors authorized a quarterly cash dividend of $0.53 per share, signaling confidence in ongoing operations and future cash flows. This dividend, payable on May 24, 2012, to shareholders of record on May 11, 2012, represents a consistent approach to shareholder returns. While the filing itself does not detail the operational or financial performance for the quarter, it directs investors to the attached press release (Exhibit 99.1) for those specifics. Investors should review that press release for a comprehensive understanding of SCCO's financial condition and results of operations for the period ending March 31, 2012.
Key Highlights
- 1SCCO announced its Q1 2012 financial results on April 30, 2012.
- 2The Board of Directors authorized a cash dividend of $0.53 per common share.
- 3The dividend payment date is May 24, 2012.
- 4The record date for the dividend is May 11, 2012.
- 5The information was furnished as part of an 8-K filing.
- 6A press release dated April 30, 2012, containing the financial results and dividend announcement is attached as Exhibit 99.1.