SOUTHERN COPPER CORP/ 8-K
Research Summary
AI-generated summary
Southern Copper Corp Announces Q1 2026 Results; Declares $1.00 Dividend
What Happened
- Southern Copper Corporation (SCC) furnished a press release on April 28, 2026 (filed on Form 8‑K, Item 2.02) reporting financial results for the quarter ended March 31, 2026. In that release, the Board on April 23, 2026 authorized a quarterly cash dividend of $1.00 per common share and a stock dividend of 0.0100 shares of common stock per share.
- The dividends are payable on May 29, 2026 to shareholders of record at the close of business on May 13, 2026. In lieu of fractional shares, SCC will pay cash for fractional amounts based on a per-share price of $187.45 (the average of the high and low share price on April 23, 2026). The press release is attached as Exhibit 99.1 and the information is furnished (not “filed”) under the 8‑K rules.
Key Details
- Dividend: $1.00 cash per common share (quarterly).
- Stock dividend: 0.0100 shares of common stock per share.
- Record date: May 13, 2026; Payment date: May 29, 2026.
- Fractional shares will be paid in cash using $187.45 per share (avg high/low on Apr 23, 2026).
Why It Matters
- The announced cash and stock dividends provide a direct return to shareholders and affect yield and share count dilution (small, via 0.0100 share dividend).
- Payment and record dates are important for investors who want to be eligible for the dividend.
- The filing is informational (furnished), so the press release details are disclosed but not formally “filed” for Section 18 liability or automatic incorporation by reference into future registrations.
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