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Southern Copper Corp. Message Board

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  • hot_glass hot_glass Feb 14, 2011 8:06 PM Flag

    Div ??

    Don't rely on the dividend dates posted on Yahoo sites, go directly to the company's website, look under media release/announcements under Investor Relations and search for announcements of dividends.

    RE - 2011 1st Qtr. dividend declared:

    January 27, 2011 – Southern Copper Corporation (NYSE and LSE: SCCO) (SCC) announced today a quarterly dividend of 58.0 cents per share, payable on March 1, 2011, to shareholders of record at the close of business on February 15, 2011.

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    • Shareholders of record on the 15th. Don't forget the 3 day settlement period for any trade.
      Which means that the EX-dividend date was when? (this is your test question, and if you get it right, you will know by when the shares had to be in your account before the market opened)

      • 1 Reply to mark98115
      • Mark981... You might read the above post by ..kenpalley - "The Important dates of a Dividend"... because the " 3 day settlement period " you mention is about your finiancial transaction with the clearing house ONLY and has nothing to do with the Companies transaction with you regarding dividend payment...You have 3 days to pay the money you owe to the clearing house even if you bought in middle of a quarterly dividend period.... I am not sure WHO would get the dividend if you did not pay the clearinghouse- maybe the clearinghouse - because they would be owners of stock ? All this I M O...kenpally might still be here, if you are here jump in.... PEACE

 
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