Summary
Southern Copper Corporation (SCCO) filed an 8-K on July 19, 2024, primarily announcing its Board of Directors' authorization of a quarterly cash dividend and a stock dividend. The cash dividend is set at $0.60 per share, and the stock dividend amounts to 0.0056 shares per common share. Both are payable on August 26, 2024, to shareholders of record as of August 9, 2024. This filing focuses on shareholder returns and does not contain detailed financial performance results for the second quarter of 2024, which are expected to be released in a separate announcement.
Key Highlights
- 1Board authorized a quarterly cash dividend of $0.60 per common share.
- 2Board authorized a stock dividend of 0.0056 shares of common stock per share.
- 3Both dividends are payable on August 26, 2024.
- 4Shareholders of record as of August 9, 2024, will receive the dividends.
- 5Cash will be paid in lieu of fractional shares, calculated at $106.54 per share (average of July 18, 2024 high/low).
- 6The filing is an 8-K that primarily discloses dividend information and is furnished, not filed, under Section 18.