On Friday, Shares of Cliffs Natural Resources Inc (NYSE:CLF), gained 1.07% to $3.31.
Cliffs Natural Resources, declared that its Board of Directors declared a quarterly cash dividend on the Company’s 7.00% Series A Mandatory Convertible Preferred Stock, Class A of $17.50 per share, which is equivalent to about $0.4375 per depositary share, each representing 1/40th of a share of Series A preferred stock. The cash dividend will be payable on Aug. 3, 2015 to shareholders of record of the Series A preferred stock as of the close of business on July 15, 2015. The Company stated that the aggregate amount of the preferred dividend payment is about $12.8 million.
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.
Shares of First Majestic Silver Corp (NYSE:AG), declined -2.84% to $4.44, during its last trading session.
First Majestic Silver Corp., declared that total production at its five operating silver mines in Mexico for the second quarter ending June 30, 2015 reached 3,802,558 equivalent ounces of silver, relatively unchanged contrast to the same quarter in 2014.
Keith Neumeyer, President & CEO of First Majestic, states, “During the first half of 2015, we produced 7.7 million silver equivalent ounces, which puts us on track of achieving our annual aim of producing between 15.3 to 17.1 million silver equivalent ounces. Production at Del Toro reached a record 2.5 million silver equivalent ounces in the first half of this year, representing a 46% enhance contrast to the first half of 2014. This substantial enhance is primarily due to the Company’s decision in mid-2014 to reconfigure the plant in order to process 100% of the ore through flotation.”
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver projects in Mexico. The company owns and operates five producing mines, counting the La Encantada silver mine in Coahuila State, the La Parrilla silver mine in Durango State, the Del Toro silver mine in Zacatecas State, the San Martin silver mine in Jalisco State, and the La Guitarra silver mine in Mexico State.
Finally, Energizer Holdings, Inc. (NYSE:ENR), ended its last trade with 3.09% gain, and closed at $37.00.
Energizer Holdings, declared that its newly formed Board of Directors initiated a dividend program by declaring a dividend of $0.25 per share of common stock, payable on September 9, 2015, to all shareholders of record as of the close of business on August 19, 2015. Subject to declaration by the Board, Energizer anticipates paying a $0.25 per share cash dividend each quarter, with predictable dividend payment dates in March, June, September and December. Future declarations of dividends are subject to Board approval and may be adjusted at the discretion of the Board, as business needs or market conditions change.
The Board of Directors also approved an authorization for the company to acquire up to 7.5 million shares of its common stock. The Company anticipates to purchase shares from time to time in open market transactions. The timing and the amount of any purchases will be determined by the Company based on its evaluation of market conditions, capital allocation objectives, legal and regulatory requirements and other factors.
Energizer Holdings, Inc. manufactures and markets primary batteries and portable lighting products under the Energizer and EVEREADY brands worldwide. The company offers lithium, performance alkaline, alkaline, carbon zinc, silver zinc, zinc air, nickel metal hydride, nickel cadmium, and lithium ion batteries; and hearing aid, photo, and specialty batteries, in addition to battery chargers.
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