Business Context and Reporting Period
This Form 8-K is a current report filed by Southern Copper Corporation (SCC) on February 1, 2010, covering events that occurred on January 29, 2010, and January 7, 2010. The filing addresses corporate actions regarding dividend scheduling and stock exchange listing details.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial figure disclosed is the quarterly dividend amount of US$0.43 per share.
Material Changes
- Dividend Schedule Adjustment: The record date and payment date for the quarterly dividend of $0.43 per share were changed. The new record date is February 19, 2010, and the payment date is March 4, 2010.
- Ticker Symbol Change: The Board of Directors approved changing the NYSE ticker symbol from "PCU" to "SCCO". This change was expected to be effective at the start of trading on February 17, 2010.
Guidance, Outlook, and Risks
The filing contains no management commentary on future financial guidance, operational outlook, or specific risk factors. It is strictly a notification of administrative changes to dividend timing and stock identification.
Investor Verification Checklist
- Verify the new dividend record date of February 19, 2010, to ensure eligibility for the $0.43 per share payment.
- Confirm the ticker symbol transition from "PCU" to "SCCO" on the New York Stock Exchange effective February 17, 2010.
- Review the press releases dated January 29 and February 1, 2010, referenced as Exhibit 8.1 for full details.