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Author: Razz037 Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 9  
Subject: Big dividend payout this quarter Date: 10/30/2012 10:41 PM
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http://seekingalpha.com/article/947731-southern-copper-manag...

Regarding the recent dividend announcement, in order to determine the appropriate quarterly dividend, it is the company's policy to review at each board meeting the capital investment plans, available cash resources and expected future cash flow generation from operations. In this quarter, as a way to maintain a more efficient capital structure, our Board of Directors have decided to declare a dividend that consists of payment of approximately 100% of our third quarter of 2012 non-adjusted net income and the full $2.1 billion receipt from AMC in satisfaction of the Delaware Court decision. Therefore, the Board authorized a cash dividend of $2.75 per share payable on November 21, 2012, to shareholders of record at the close of business on November 8, 2012.


Razz
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