Summary
Southern Copper Corporation (SCCO) filed an 8-K on October 26, 2021, to report on its financial condition and results of operations for the quarter ended September 30, 2021. The primary driver of this filing is the announcement of a quarterly dividend. The company's Board of Directors authorized a dividend payment of $1.00 per share, which is scheduled to be paid on November 23, 2021, to shareholders of record as of November 10, 2021. This dividend declaration signals the company's ongoing commitment to returning capital to its shareholders. While the filing references the press release announcing these results, it does not contain detailed financial performance metrics beyond the dividend announcement itself.
Key Highlights
- 1Southern Copper Corporation (SCCO) announced its Q3 2021 financial results.
- 2The Board of Directors authorized a dividend of $1.00 per share.
- 3The dividend will be paid on November 23, 2021.
- 4Shareholders of record as of November 10, 2021, are eligible for the dividend.
- 5The filing was made on October 26, 2021, referencing events from October 25, 2021.
- 6This 8-K primarily serves to furnish a press release detailing the dividend.
- 7The information furnished is not considered 'filed' for certain SEC purposes.
Frequently Asked Questions
This 8-K filing primarily serves to announce that Southern Copper Corporation issued a press release on October 26, 2021, regarding its financial results for the quarter ended September 30, 2021. The most significant detail provided is the authorization of a $1.00 per share dividend.
The dividend of $1.00 per share is authorized to be paid on November 23, 2021. Shareholders who are on record as of the close of business on November 10, 2021, will be eligible to receive this dividend.
No, this particular 8-K filing does not include detailed financial performance metrics such as revenue, earnings per share, or operational statistics. It functions mainly to formally notify the public of the dividend authorization, which was communicated via an accompanying press release (Exhibit 99.1).
The filing explicitly states that the information in this report and the attached exhibit are being 'furnished' and not 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. This means the information is made public, but it does not carry the same legal implications or regulatory scrutiny as information that is formally 'filed' with the SEC, and it will not be automatically incorporated into future SEC filings unless expressly stated.