Summary
Southern Copper Corporation (SCCO) filed an 8-K on October 27, 2016, primarily to report on its third-quarter financial results and announce a dividend payment. The company's Board of Directors authorized a cash dividend of $0.05 per share, payable on November 29, 2016, to shareholders of record as of November 9, 2016. This filing indicates the company's ongoing commitment to returning capital to shareholders.
Key Highlights
- 1Southern Copper Corporation (SCCO) announced a cash dividend of $0.05 per share.
- 2The dividend is scheduled to be paid on November 29, 2016.
- 3Shareholders of record on November 9, 2016, will be eligible to receive the dividend.
- 4The information was released via a press release dated October 27, 2016.
- 5The filing is an 8-K, indicating a material event for the company.
- 6The dividend declaration reflects the company's financial health and capital allocation strategy.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce Southern Copper Corporation's third-quarter financial results and a declared cash dividend to shareholders. It serves as a formal notification of these material events.
The Board of Directors authorized a cash dividend of $0.05 per share. This dividend is payable on November 29, 2016.
Shareholders who are on record at the close of business on November 9, 2016, will be eligible to receive the cash dividend.
No, the information in this report and the attached press release are being furnished and are not deemed 'filed' for purposes of Section 18 of the Securities Act of 1934. This means they will not be automatically incorporated into future registration statements or filings unless expressly stated.