Summary
Southern Copper Corporation (SCCO) filed an 8-K on October 28, 2014, reporting on its financial condition and results of operations for the quarter ended September 30, 2014. The most significant disclosure in this filing is the authorization of a cash dividend of $0.12 per share of common stock by its Board of Directors on October 23, 2014. This dividend is scheduled to be paid on November 25, 2014, to shareholders of record as of November 11, 2014. While the 8-K itself does not detail specific financial performance metrics for the quarter, it references a press release (Exhibit 99.1) that contains this information. Investors should refer to that press release for details on revenue, earnings, production levels, and other operational data for the period. The key takeaway for investors from this 8-K is the confirmation of a regular dividend payment, indicating ongoing capital returns to shareholders.
Key Highlights
- 1Southern Copper Corporation (SCCO) announced a quarterly cash dividend of $0.12 per common share.
- 2The dividend was authorized by the Board of Directors on October 23, 2014.
- 3The dividend payment date is scheduled for November 25, 2014.
- 4Shareholders of record on November 11, 2014, will be eligible to receive the dividend.
- 5The 8-K filing primarily serves to report the dividend announcement and reference an accompanying press release for financial results.
- 6Information furnished in this report is not deemed 'filed' for Section 18 of the Securities Act of 1934 purposes.