Cliffs Increases Quarterly Dividend to $0,14 A Share
Cliffs Natural Resources, a US coal- and iron-ore miner, has announced its increase on the company’s common shares by 60 percent. By close of business on May 14, 2010, the quarterly dividend will be increased to $0,14 a share. This is payable on June 1, 2010.
CFO Laurie Brlas is quoted saying:
“Cliffs’ outlook for cash flow generation has improved substantially with the rebounding demand for steelmaking raw materials. This provides the company increased confidence to increase its cash payouts to Cliffs’ shareholders, while at the same time continuing to pursue strategic objectives.”
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Wed, May 12, 2010
Post by Mike Rodger, Coal Reporter