Business Context and Reporting Period
Company: Southern Copper Corporation (SCC)
Filing Type: Form 8-K (Current Report)
Date of Report: February 9, 2012
Reporting Period: The filing announces financial results for the quarter and full year ended December 31, 2011.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being contained in the attached press release (Exhibit 99.1), which is not included in the provided source text.
Material Changes and Corporate Actions
On January 26, 2012, the Board of Directors authorized the following dividends:
- Cash Dividend: $0.19 per share of common stock.
- Stock Dividend: 0.0107 shares of common stock per share of common stock.
Payment Details:
- Record Date: February 15, 2012 (close of business).
- Payment Date: February 28, 2012.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, specific risk factors, or details on contingencies. The report explicitly states that the information is furnished and not "filed" for purposes of Section 18 of the Securities Act of 1934, and will not be incorporated by reference into other registration statements.
Investor Verification Checklist
- Verify the specific revenue, net income, and cash flow figures for Q4 and full-year 2011 in the attached press release (Exhibit 99.1).
- Confirm the total dividend payout amount and its impact on the company's cash position.
- Review the full text of the press release for any operational updates or commodity price impacts not detailed in this summary.
- Check subsequent filings for the actual payment of the declared dividends on February 28, 2012.