Summary
Southern Copper Corporation (SCCO) filed an 8-K on February 25, 2020, to announce its financial results for the fourth quarter and full year ended December 31, 2019. While the full financial details are within the furnished press release (Exhibit 99.1), the key actionable item for investors highlighted in the filing is the declaration of a quarterly dividend. The company's Board of Directors authorized a dividend of $0.40 per share, scheduled to be paid on March 24, 2020, to shareholders of record as of March 10, 2020. Investors seeking income from their SCCO investment should note this dividend payment and its associated record and payment dates. The filing also notes that the information furnished is not considered "filed" for Section 18 purposes and will not be incorporated into future SEC filings unless expressly stated.
Key Highlights
- 1SCCO announced its Q4 and full-year 2019 financial results via an 8-K filing on February 25, 2020.
- 2The Board of Directors authorized a cash dividend of $0.40 per share.
- 3The dividend is payable on March 24, 2020.
- 4Shareholders of record as of the close of business on March 10, 2020, will receive the dividend.
- 5The press release containing detailed financial results is attached as Exhibit 99.1.
- 6Information furnished under Item 2.02 is not deemed "filed" for Section 18 purposes.
- 7No election to opt out of extended transition period for new accounting standards was made as SCCO is not an emerging growth company.