Summary
Southern Copper Corporation (SCCO) filed an 8-K on April 27, 2015, primarily to report on its financial results for the quarter ended March 31, 2015, and to announce a quarterly dividend. The company's Board of Directors authorized a cash dividend of $0.10 per share, payable on May 27, 2015, to shareholders of record as of May 13, 2015. This announcement signals continued commitment to returning capital to shareholders. While the filing itself is brief and primarily references an attached press release (Exhibit 99.1) for detailed financial performance, the key takeaway for investors is the declaration of a regular dividend. Investors should refer to the press release for specific operational and financial metrics for the first quarter of 2015, as this 8-K focuses on the dividend action and provides a standard disclaimer regarding the furnished, rather than filed, nature of the information.
Key Highlights
- 1Southern Copper Corp (SCCO) announced a cash dividend of $0.10 per common share.
- 2The dividend is authorized by the Board of Directors.
- 3The payment date for the dividend is scheduled for May 27, 2015.
- 4Shareholders of record as of May 13, 2015, will receive the dividend.
- 5The filing references a press release dated April 24, 2015, detailing Q1 2015 financial results.
- 6The information provided in this 8-K is furnished and not deemed filed for Section 18 of the Securities Act of 1934.
- 7This filing serves to formally report the dividend declaration and refer to the accompanying financial results press release.