Summary
Southern Copper Corporation (SCCO) announced its financial results for the second quarter ended September 30, 2024, via a press release filed on October 22, 2024. While the filing itself is brief and primarily references the press release for detailed operational and financial performance, it discloses significant capital allocation decisions to shareholders. The company's Board of Directors has authorized a quarterly cash dividend of $0.70 per share and a stock dividend of 0.0062 shares per share. Both are payable on November 21, 2024, to shareholders of record as of November 6, 2024. This indicates continued commitment to returning value to shareholders, though investors will need to refer to the press release (Exhibit 99.1) for specific financial performance metrics and operational updates.
Key Highlights
- 1SCCO announced its Q2 2024 financial results press release was filed on October 22, 2024.
- 2The Board of Directors authorized a quarterly cash dividend of $0.70 per share.
- 3A stock dividend of 0.0062 shares per common share was also authorized.
- 4Both dividends are payable on November 21, 2024.
- 5Record date for dividend eligibility is November 6, 2024.
- 6Cash will be paid in lieu of fractional shares, based on a price of $112.43.
- 7Detailed financial and operational results are available in the furnished press release (Exhibit 99.1).