Summary
Southern Copper Corporation (SCCO) filed an 8-K on July 23, 2019, to announce its financial results for the quarter ended June 30, 2019. A key piece of information for investors is the authorization of a quarterly dividend of $0.40 per share. This dividend is scheduled to be paid on August 22, 2019, to shareholders of record as of August 8, 2019. While the press release is furnished under Item 2.02 and not deemed "filed" for purposes of Section 18 of the Securities Act of 1934, it provides timely information regarding the company's capital allocation decisions and commitment to returning value to shareholders. Investors should note that this filing primarily serves as a vehicle to disseminate the dividend announcement alongside the financial results, rather than reporting significant new material events.
Key Highlights
- 1Southern Copper Corporation announced its financial results for the quarter ended June 30, 2019.
- 2The company's Board of Directors authorized a dividend of $0.40 per share.
- 3The dividend payment date is scheduled for August 22, 2019.
- 4Shareholders of record as of the close of business on August 8, 2019, are eligible to receive the dividend.
- 5The announcement was made via a press release filed as an exhibit to the 8-K.
- 6The information furnished under Item 2.02 is not considered "filed" for certain regulatory purposes, meaning it won't be automatically incorporated into future filings unless expressly stated.