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.
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce the authorization of Southern Copper Corporation's quarterly cash and stock dividends by its Board of Directors.
The company declared a quarterly cash dividend of $0.60 per share and a stock dividend of 0.0056 shares per common share. These dividends will be paid on August 26, 2024, to shareholders of record on August 9, 2024.
No, in lieu of fractional shares, shareholders who would otherwise be entitled to them will receive a cash payment. This cash payment will be based on a share price of $106.54, representing the average of the high and low share prices on July 18, 2024.
No, this specific 8-K filing does not detail SCCO's financial results for the second quarter ended June 30, 2024. It only announces dividend declarations. The financial results are expected to be communicated via a separate press release.