8-KEarnings & ResultsExhibits & Filings

SOUTHERN COPPER CORP/ 8-K Report, Financial Results (Apr 29, 2019)

Filed April 29, 2019For Securities:SCCO

Summary

Southern Copper Corporation (SCCO) filed an 8-K on April 29, 2019, primarily to announce its financial results for the quarter ended March 31, 2019. While the 8-K itself is brief and mainly references an attached press release (Exhibit 99.1) for detailed financial performance, the key takeaway for investors is the declaration of a quarterly dividend. This filing signals to investors the company's continued commitment to returning capital. The Board of Directors authorized a dividend of $0.40 per share, payable on May 17, 2019, to shareholders of record on May 3, 2019. This dividend payment, derived from the company's performance in the recent quarter, is a direct indicator of the company's financial health and its ability to generate sufficient cash flow to reward its shareholders.

Key Highlights

  • 1SCCO announced its financial results for the quarter ended March 31, 2019, via a press release filed as an exhibit.
  • 2The Board of Directors authorized a quarterly dividend payment of $0.40 per share.
  • 3The dividend is scheduled to be paid on May 17, 2019.
  • 4Shareholders of record as of the close of business on May 3, 2019, will be eligible to receive the dividend.
  • 5The information provided is furnished and not deemed 'filed' under Section 18 of the Securities Exchange Act of 1934, meaning it's primarily for informational purposes.
  • 6The 8-K filing includes Exhibit 99.1, which is the press release containing the detailed financial results and dividend announcement.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Southern Copper Corporation's financial results for the first quarter of 2019 and to officially communicate the authorization of a quarterly dividend.

The Board of Directors authorized a dividend of $0.40 per share. This dividend is expected to be paid on May 17, 2019.

Shareholders of Southern Copper Corporation who are on record at the close of business on May 3, 2019, will be eligible to receive the $0.40 per share dividend.

The detailed financial results for the quarter ended March 31, 2019, are provided in the press release issued by Southern Copper Corporation on April 29, 2019, which is attached as Exhibit 99.1 to this 8-K filing.