Summary
Southern Copper Corporation (SCCO) filed an 8-K on April 28, 2016, reporting on financial results for the quarter ended March 31, 2016. A key announcement from the filing is the authorization of a quarterly cash dividend of $0.05 per share of common stock by the Board of Directors on April 21, 2016. This dividend is scheduled to be paid on May 24, 2016, to shareholders of record on May 10, 2016. While the 8-K itself primarily serves to furnish the press release regarding these financial results and dividend, it signifies ongoing capital return to shareholders. Investors should refer to the detailed press release (Exhibit 99.1) for a comprehensive understanding of the company's operational and financial performance during the first quarter of 2016, including any specific metrics or forward-looking statements that may have been provided.
Key Highlights
- 1Southern Copper Corporation announced financial results for the quarter ended March 31, 2016.
- 2The Board of Directors authorized a cash dividend of $0.05 per share on April 21, 2016.
- 3The dividend payment date is May 24, 2016.
- 4Shareholders of record on May 10, 2016, will receive the dividend.
- 5The filing includes a press release dated April 27, 2016, as an exhibit.
- 6Information furnished under Item 2.02 is not considered 'filed' for Section 18 purposes.
- 7The company's principal executive offices are located in Phoenix, AZ.