CLEVELAND - Nov. 12, 2013 - Cliffs Natural Resources Inc. (CLF) (CLF.PA) today announced that on Nov. 11, 2013 its Board of Directors declared a quarterly cash dividend on the Company`s common shares of $0.15 per share. The cash dividend will be payable on Dec. 2, 2013, to shareholders of record as of the close of business on Nov. 22, 2013.
Cliffs` Board of Directors also declared a quarterly cash dividend on the Company`s 7.00% Series A Mandatory Convertible Preferred Stock, Class A ("Series A preferred stock"), of $17.50 per share, which is equivalent to approximately $0.4375 per depositary share, each representing 1/40th of a share of Series A preferred stock. The cash dividend will be payable on Feb. 3, 2014 to shareholders of record as of the close of business on Jan. 15, 2014.
About Cliffs Natural Resources Inc.
Cliffs Natural Resources Inc. is an international mining and natural resources company. A member of the S&P 500 Index, the Company is a major global iron ore producer and a significant producer of high- and low-volatile metallurgical coal. Cliffs` strategy is to continually achieve greater scale and diversification in the mining industry through a focus on serving the world`s largest and fastest growing steel markets. Driven by the core values of social, environmental and capital stewardship, Cliffs associates across the globe endeavor to provide all stakeholders operating and financial transparency.
The Company is organized through a global commercial group responsible for sales and delivery of Cliffs` products and a global operations group responsible for the production of the minerals the Company markets. Cliffs operates iron ore and coal mines in North America and an iron ore mining complex in Western Australia. In addition, Cliffs has a major chromite project, in the feasibility stage of development, located in Ontario, Canada.
News releases and other information on the Company are available on the Internet at: http://www.cliffsnaturalresources.com
Follow Cliffs on Twitter at: http://twitter.com/CliffsNR.
SOURCE: Cliffs Natural Resources Inc.
|INVESTOR RELATIONS AND GLOBAL COMMUNICATIONS CONTACTS:|
| Jessica Moran |
Director, Investor Relations
| Patricia Persico |
Director, Global Communications
# # #
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Cliffs Natural Resources Inc via Thomson Reuters ONE