Summary
Southern Copper Corporation (SCCO) filed an 8-K on February 10, 2016, to report its fourth quarter and full-year 2015 financial results, primarily through an attached press release. A key takeaway for investors is the announcement of a $0.03 per share dividend authorized by the Board of Directors on January 28, 2016, and scheduled for payment on March 1, 2016, to shareholders of record on February 16, 2016. This indicates a continued commitment to returning capital to shareholders despite the reporting period. The filing itself is brief, serving mainly as a vehicle to disseminate the press release containing the financial results and dividend information. Investors should refer to the Exhibit 99.1 press release for the detailed financial performance of SCCO for the periods ending December 31, 2015. This 8-K does not contain extensive new disclosures beyond what is presented in the furnished press release.
Key Highlights
- 1Southern Copper Corporation (SCCO) announced its fourth quarter and full-year 2015 financial results via an 8-K filing on February 10, 2016.
- 2A dividend of $0.03 per share was authorized by the Board of Directors on January 28, 2016.
- 3The dividend is payable on March 1, 2016.
- 4Shareholders of record as of the close of business on February 16, 2016, will receive the dividend.
- 5The primary content of the 8-K is a press release (Exhibit 99.1) containing the financial results.
- 6The information furnished under Item 2.02 is not deemed "filed" for purposes of Section 18 of the Securities Act of 1934.