8-KFiled Jul 21, 8:00 PM ET
Southern Copper Corp. Reports Q2 2026 Results, Declares $1.10 Cash + Stock Dividend
$SCCO · SOUTHERN COPPER CORP/Research Summary
AI-generated summary of this SEC filing
Southern Copper Corp. Reports Q2 2026 Results, Declares $1.10 Cash + Stock Dividend
What Happened
- Southern Copper Corporation (SCC/SCCO) issued a press release dated July 21, 2026 (8-K filed July 22, 2026) announcing financial results for the quarter ended June 30, 2026.
- The company’s Board, on July 16, 2026, authorized a quarterly cash dividend of $1.10 per common share and a stock dividend of 0.0120 shares per common share. The dividends are payable on August 27, 2026, to shareholders of record at the close of business on August 11, 2026.
- Fractional shares will be settled in cash using a per-share price of $177.32 (the average of the high and low share price on July 16, 2026). Combining the cash dividend and the stock dividend’s equivalent value yields an estimated total dividend of $3.23 per share.
Key Details
- Press release date: July 21, 2026; 8-K furnished July 22, 2026.
- Cash dividend: $1.10 per share.
- Stock dividend: 0.0120 shares per share (≈1.20% increase in shares outstanding).
- Payment date: August 27, 2026; Record date: August 11, 2026. Fractional shares paid in cash at $177.32; total estimated dividend value ≈ $3.23 per share.
Why It Matters
- The combined cash + stock dividend increases near-term shareholder return and slightly raises shares outstanding (about 1.2%), which investors should factor into per-share metrics.
- Key dates (record and payment) determine who is eligible for the payout; fractional-share cash treatment and the $177.32 valuation affect the cash received for fractional holdings.
- The 8-K furnishing contains the press release but is furnished (not “filed”) and therefore generally won’t be incorporated by reference into future SEC filings.